Long
💸💣--Shriram Transort : Consolidation BreakOut is expected---💸
1. Major resistance Zone is Placed between 1535 - 1517, this resistance zone is tested for 4 times this time a sharp breakout is expected.đź’Łđź’Ł
2. Support zone is placed between 1271 - 1256.
3. Price is trading above 200 Day moving average.
4. RSI crossed 70 ,giving a strong bullish sign.
5. Price is consolidating between 1520 - 1260 ,from last 8 months.
2. Support zone is placed between 1271 - 1256.
3. Price is trading above 200 Day moving average.
4. RSI crossed 70 ,giving a strong bullish sign.
5. Price is consolidating between 1520 - 1260 ,from last 8 months.
Note
let it consolidate here we can play consolidation breakoutNote
see point number 1 resistance zone is placed at 1535 to 1517 unable to close above it till now let us see what happens
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