SHRIRAM TRANSPORT FINANCE - DESCENDING TRIANGLE UPSIDE BREAKOUT
SHRIRAM TRANSPORT FINANCE - DESCENDING TRIANGLE UPSIDE BREAKOUT
THAT WAS A STRONG SIGN FROM BULLS THAT THIS STOCK IS TURNING UP AND ITS IN THE STARTING STAGE OF ACCUMULATION.
WE CAN NOTE THE THE STOCK HAS BROKE OUT AND CLOSE ABOVE THE HEAD LINE OF TRIANGLE FOR TWO CONTINUOUS DAYS WITH THE STRONG SUPPORT OF 20 DEMA LINE AND EVEN STRONGER CLOSE ABOVE 61.8 FIBO GOLDEN RATIO
ONE CAN ENTER THE STOCK AT CURRENT LEVEL , TARGETS ARE 1310, 1575
STOPLOSS @ 992
THIS CAN BE MEDIUM TERM MOVEMENT
THAT WAS A STRONG SIGN FROM BULLS THAT THIS STOCK IS TURNING UP AND ITS IN THE STARTING STAGE OF ACCUMULATION.
WE CAN NOTE THE THE STOCK HAS BROKE OUT AND CLOSE ABOVE THE HEAD LINE OF TRIANGLE FOR TWO CONTINUOUS DAYS WITH THE STRONG SUPPORT OF 20 DEMA LINE AND EVEN STRONGER CLOSE ABOVE 61.8 FIBO GOLDEN RATIO
ONE CAN ENTER THE STOCK AT CURRENT LEVEL , TARGETS ARE 1310, 1575
STOPLOSS @ 992
THIS CAN BE MEDIUM TERM MOVEMENT