Daily time frame analysis suggests that now the stock is going into downtrend, as chart now moves to lowerhighs and lower Lows. Further the last candle is a long bearish candle. But before initiating any trade in the stock look for the levels marked as the price moves lower to the marked level short trade may be initiated, which confirms the trend.
SRTRANSFIN LOOKS GOOD TO ENTER 1390/1400 FOR 1450/1500+ SL 1364 POSITIONAL
Positive Side: 1. Perfect Bullish movement ahead after the cup and handle pattern. 2. Target is too high without any resistance after 1400pts. Steady approach for a 100pts profit. Negative Side:' 1. Beware of the monday bloodbath. So, wait for the trendline to break.
SRTRANSFIN LOOKS GOOD TO ENTER 1290 FOR 1320/ 1380+ SL 1257 POSITIONAL
SRTRANSFIN forming bottoming out pattern on daily chart. We can form bull call spread for this month. +1x 25MAR2021 1400CE - ₹ 52.00 -1x 25MAR2021 1500CE - ₹ 25.00 Max. Profit - ₹ +58,600 Max. Loss - ₹ -21,400 Max. RR Ratio - 1:2.74 Breakeven - 1427.0
SRTRANSFIN, WEEKLY CHART STOPLOSS 1116.50 TARGETS 1316, 1424, 1516, & 1625 SRTRANSFIN,Daily Chart Disclaimer My Studies are Educational purpose only Please consult with your financial advisor before trading or investing
Bull Call Spread +1x 28JAN2021 1080CE - ₹ 61 -1x 28JAN2021 1240CE - ₹ 15 Max. Profit - ₹ +91,200 Max. Loss - ₹ -36,800 Max. RR Ratio -1:2.48 Breakevens - 1126.0 Estimated Margin/Premium - ₹ +69,000
I'm not an expert I'm just sharing my views on SRTRANSFIN for next trading day I'm not responsible for any profit or loss this is not a recommendation.
Stock is BULLISH at this level. We can see upside more.
Short Term Cash Buy SRTRANSFIN @700.00-705 SL 687 TGT 738 Reason: Above VWAP + TK cross over with huge volume + Ichimoku cloud breakout + MACD cross over
TGT 780 ----- MESSAGE ME FOR ANY QUERY ON TRADINGVIEW
NSE:SRTRANSFIN If you see daily chart of SRTRANSFIN chart is showing good supply. As one can see on 1H chart after breaking out the resistance area of 689 stock not managed to sustained above the same and fall and break the support of 689 (Resistance Become Support). Seeing such scenario we can say Profestionals trapped breacout traders. After breakingdown ...