#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.
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