The pattern formed by shriram transport finance is called as fry pan pattern technically,typically because it looks like fry pan.The fry pan bottom reflects market which is bottoming and whose price action forms a concave design. The bullish conformation is STILL NEEDED. However risky traders can go long tomorrow. i.e on 11 -9-13. This pattern only shows stock has bottomed out and bears have exited the counter..But we need to be cautious because its not sure whether bears really have exited the counter or present rally is only because of index rally..conformation can be seen tomarow.
Hi hari....
ReplyDeleteI am your blogs regular visitor and i recovered a part amount of my loss with the help of your tips. Its pretty good and useful. Pls keep the goodwork going. Waiting for ur tomorrow's call.
Hie vijay.Thank you.will update soon!!! cheers!!
Deletesir just got introduced to your blogg .I think you are doing a great job.Sir how low do you think biocon can go
ReplyDeleteHiee sunit..avoid biocon for time being now..if possible go long on zeel and exide.
ReplyDeletethanks hari
ReplyDeleteHi Sir,
ReplyDeleteThis is Vickys. i am new for your blog.
I am in huge loss sir...today i gone through your some postings and comments.
Sir at what time you are posting your calls in this blog.
Hie vicky. il be posting by morning..instead of giving single call where there is every possibility of risk in it,i post multiple positional calls,so that leaving ball in the readers court,they need to watch out the strength or weakness it displays and enter..in which you have more possibility of sucess.
Deleteharidattha if one already has a long position in biocon wht shd one do? wait for a bounce or cut losses shall be grateful for your view
ReplyDeletesunit,though index is down its showing significant strength,comunicating us its strong,better to book partial loss and re enter if nifty slips..i personaly feel one shud not carry the positions long...a perfect intraday call should get acheived in 15 mins to 6 hours.
Deletethanks I have noticed your calls are the best
DeleteWelcome sunit.planning to make this blog more useful depending upon views.
ReplyDeleteSir terrific analysis it is...today it touched 606.. now punters entered ..giving targets of 630..hahaha
ReplyDeleteHari Sir,
ReplyDeleteGood morning,
I have 3Nifty PE 5850 @116, 3Bank nifty PE9900 @245, BHEL PE 130@6.5
Please suggest me sir what i have to do
Wonderful man,after your call its arround 100 points up in 5 days.HATSOFF!
ReplyDeleteregards
Eranpuwla
excellent sir.I accumulated after this post,Thanks a tonne
ReplyDeleteis it good one sriram taranport and finace
ReplyDelete