SRIRAM TRANSPORT FINANCE COMPANY
The stock is seen consolidating between the range 1270-1500 for almost 6 months,after coming out with poor results the stock has fallen and the news has factored in,the stock is seen taking support from its 200EMA and has seen some good buying around this strong daily, weekly and the monthly support zone of 1255-1290, initiate buying after a strong closing above 1310 with the targets of 1400/1500,moreover we know that markets are unpredictable,if the levels of 1250 are taken of then the bears will be in control and it would be a potential short candidate with the targets of 1150-1100 in the coming weeks
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