tradewidmufeeth

Shriram Transport Finance Reversal Trade

Long
NSE:SRTRANSFIN   None
The stock has reached lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby along with 200 EMA.
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones + 200 EMA and target is placed near upper trendline and swing high.

Note: As the results are not up-to the mark, this is a high risk trade. So please enter with caution.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.