Panjang
SRTRANSFIN : TRANSPORTING PRICES..?
SRTRANSFIN has broken out of a mid term symmetrical triangle pattern with huge volume breakout. Tomorrow we could see a followthrough of this breakout.
The MACD has crossed the signal line & center line signalling a buy.
The DI+ has crossed over DI- signalling a buy.
Buy at current levels for target of 1110/1119.5 . Watch if it gets taken out & ride along as long as signs of exhaustion appears.
Transport as such is a huge beneficiary of GST and obviously anybody financing these Transport Vehicles is no exception.
Also strong Long Positions are seen built up by FII's in this counter.
Keep a tight stop of 1011 on a closing basis for tomorrow & trail the SL thereafter.
The MACD has crossed the signal line & center line signalling a buy.
The DI+ has crossed over DI- signalling a buy.
Buy at current levels for target of 1110/1119.5 . Watch if it gets taken out & ride along as long as signs of exhaustion appears.
Transport as such is a huge beneficiary of GST and obviously anybody financing these Transport Vehicles is no exception.
Also strong Long Positions are seen built up by FII's in this counter.
Keep a tight stop of 1011 on a closing basis for tomorrow & trail the SL thereafter.
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.
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.