#SHRIRAMFIN BREAKS OUT FROM HEAD AND SHOULDERS CONTINUATION PATTERN ON WEEKLY TIMEFRAME 📚📈
The price action in Shriram Finance shows a strong uptrend in the weekly time frame.
The price has been consolidating for some time, and the pattern that seems to emerge from this consolidation is a head-and-shoulder continuation pattern.
The price is also reversing off its rising trendline as it crosses above the 20-day moving average.
Shriram Finance is an outperforming stock.
The consolidation phase seems to be coming to an end.
Buy for a rally to 2650 and above that to 2850.
Keep the stop-loss below 2350.
Hold for a couple of weeks.
The price action in Shriram Finance shows a strong uptrend in the weekly time frame.
The price has been consolidating for some time, and the pattern that seems to emerge from this consolidation is a head-and-shoulder continuation pattern.
The price is also reversing off its rising trendline as it crosses above the 20-day moving average.
Shriram Finance is an outperforming stock.
The consolidation phase seems to be coming to an end.
Buy for a rally to 2650 and above that to 2850.
Keep the stop-loss below 2350.
Hold for a couple of weeks.
TrendX INC
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
TrendX INC
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.