Shriram Transport: Consolidation done, looks ready to move!

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Shriram Transport has been in a 200 point narrow range since Feb 2021. Above 1420, which is also above its 20/50/100 DMA, stock looks set to 1480-1520 range. Breakout above 1520 should take it to 1800. CV cycle recovery is on the cards. Shriram Transport is a default beneficiary. Co has managed to contain NPAs better than others and has posted stable Q4. Q1 numbers and commentary will be the catalyst. Watch out!