SHRI RAM TRANSPORT FINANCE
- SR TRANS FIN has formed triangle formation in daily chart, and stock has come out from its formation and gave a long bull candle, but stock got stuck on its trend line resistance around 943.50, chart indicates once stock closes above 943.50 and holds above then stock looking bullish for next 1-2 trading days.
- Intraday close watch once stock starts trading above 943.50, if holds above its resistance during trading hours then intraday bulls action is expecting.
- Suggested Reading - ITC LTD facing 100 DMA support, weakness expecting if stock closes below.
- As per graph no 2 stock is trading above golden ratio resistance, as long as stock trades above it will favor bulls and further strength expecting once stock closes above 943.50, Above that stock will find next strong resistance around 970 and 1020.
- As per graph no3 stock is currently moving up from 100 days moving average , this indicates as long as stock holds above it will favor bull, but if closes below 100 DMA then bears can get active once again. Close Watch.
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