Shriram Transport Finance (Daily)
Head & Shoulders Chart Pattern
Lower bollinger band is challenged
MACD of the daily wave and weekly tide is downtick
RSI is below 40 in the oversold zone
Stochastic 14,3,3 is in negative crossover and oversold zone
-DI is above +DI and ADX is above 15 in the Directional Movement Index (DMI)
Seems to be in the C wave currently
Look for the next major support below on the chart as Target 1
Head & Shoulders Chart Pattern
Lower bollinger band is challenged
MACD of the daily wave and weekly tide is downtick
RSI is below 40 in the oversold zone
Stochastic 14,3,3 is in negative crossover and oversold zone
-DI is above +DI and ADX is above 15 in the Directional Movement Index (DMI)
Seems to be in the C wave currently
Look for the next major support below on the chart as Target 1