شراء
Shriram transport Long opportunity
NSE:SRTRANSFIN
Hello all!
Shriram Transport is stuck in a flag and Pole pattern here. The Pole and flag patterns are famous for giving great breakouts. It's at the bottom trendline of the flag which I believe is a good place to buy as the Risk is too small and Rewards are big.
Apart from the pole and flag, there are multiple other reasons to go long:
1) Stock is currently in its support zone.
2) It is being supported by its 50 week EMA and 200 daily EMA.
Thus there is a strong triple confluence and the Reward to Risk ratio is also favorable.
Do let me know your thoughts on this!
*NOT A CALL*
Hello all!
Shriram Transport is stuck in a flag and Pole pattern here. The Pole and flag patterns are famous for giving great breakouts. It's at the bottom trendline of the flag which I believe is a good place to buy as the Risk is too small and Rewards are big.
Apart from the pole and flag, there are multiple other reasons to go long:
1) Stock is currently in its support zone.
2) It is being supported by its 50 week EMA and 200 daily EMA.
Thus there is a strong triple confluence and the Reward to Risk ratio is also favorable.
Do let me know your thoughts on this!
*NOT A CALL*
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.