|Buy Range||1230 – 1270|
|Target||1380 – 1400|
|Duration||25 – 30 Trading Sessions|
|Potential Return^||10 – 11%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|1259.45||BUY||1230 – 1270||1380 – 1400||1160||25 – 30 Trading Sessions||10 – 11%|
# CMP on Mar 11, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 1320.
^ The returns are calculated based on CMP#
Shriram Transport Financial Services, a non-banking-finance company provides commercial vehicle financing in India. The company also offers small business finance loans, including dealer funding, working capital funding etc. In Q3FY19, the company’s Net profit jumped 17.34% percent year-on-year to Rs 635.45 crore.
|Sectoral Index||Nifty Financial Services|
TECHNICAL OBSERVATIONS (WEEKLY)
- The stock extended its northward journey post a crucial break-out
TECHNICAL OBSERVATIONS (DAILY)
- Technically the stock had been moving in the higher top and higher bottom formation indicating positive bias.
- ADX and +DI both above 20 indicate buying momentum and probable further rise.