With a recent spurt in the upward price movement, people are thinking of it as a good bet for a long position. But when we dig deeper we found out the steam is about to finish. Currently, we are getting a lower series of shoulder and upper series of the waist which is a perfect pattern of a triangle, and a breakout can happen anytime. As the overall trend is Bear we might see the breakout in the downtrend. Currently, the strong resistance is at 754.30 and the support is at 522.15 & 464.15.
NSE:SRTRANSFIN
NSE:SRTRANSFIN