NSE:SRTRANSFIN has been consolidating in a wide range since starting of February with good volume support at lower levels. The possibility of breaking out is good as it is testing previous highs multiple times and holding levels near its previous highs.
In addition to all this, it is having Volume support exactly at golden fib retracement levels and previous BOS levels. Even though nifty and bank nifty is falling with good volume SRT holding its higher levels is a good sign.
Soon we can see a good breakout in the SRT finance after buyers accumulation at higher levels. The possibility of following the mentioned path is good. Let's hope for the best what's coming next.
PS: Trade is looking promising then also never underestimate market it has a tendency to shock you to your very core, always risk what you can afford to lose and follow RR ratio, and Trade with your head in place. As always NO analysis is 100% effective all the time.
PPS : I'll you guys as soon as possible.
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Waiting for Retracement. Shriram Transport is around all time high levels.
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Moving as expected. Waiting for good retracement.
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Waiting for Entry
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Holding Higher Level's. Moving as Expected.
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Sorry !!! for delayed update. Entered at 1600.00 With partial quantity. Full inn as soon as it breaks previous high with strong candle.
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No worries market is retracing. Will hold this entry and add more at lower levels at it approaches.
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Wide SL in previous Entry. Full quantity inn once it retraces appropriately. i'll update.
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Moving as expected.
Trade closed manually
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Sentiments has turned very negetive. Booking all partialy opened trades on monday. Gathering profits for lower level buying opportunities in near future. Preserve ur money as of now.