Highlights & Chart Patterns of Shriram Transport Finance Co. Ltd.
Stock has fallen by more than 10% in last two weeks from its highest level of 1213.4 dt 14-Jan-20.
Bullish harami Candlestick pattern was formed by Shriram Transport Finance Co. Ltd. on 23/01/2020
Dark cloud cover Candlestick pattern was formed by Shriram Transport Finance Co. Ltd. on 22/01/2020 Prior to pattern formation this share was in downtrend.
Bullish piercing Candlestick pattern was formed by Shriram Transport Finance Co. Ltd. on 21/01/2020 Prior to pattern formation this share was in downtrend.
As Per ADX, stock is not trending with ADX of 10.5222 and is not trending for 79 Days
As Per Chaikin Money Flow, stock has Strong Selling pressure with CMF = -0.182787. Strong Selling pressure is for 5 Days
Stock of Shriram Transport Finance Co. Ltd. has formed Support (trend line) with dates 20/01/2020, 10/12/2019, on daily Charts. Highest point touched during this period is 1182.1.Support line still holds good. Stock price : 1083.9 is hovering just above Support price of 1073.4. If other indicators are supportive then a long position (Buy) may be taken.
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Share Price History of Shriram Transport Finance Co. Ltd.
Date
Open
High
Low
Close
Volume
24-Jan-20
1083.00
1103.00
1081.05
1083.90
432 K
23-Jan-20
1081.75
1088.95
1075.50
1084.05
454 K
22-Jan-20
1096.20
1096.20
1071.65
1075.05
466 K
21-Jan-20
1071.00
1103.80
1062.85
1089.40
1110 K
20-Jan-20
1098.00
1113.80
1067.35
1073.40
1213 K
17-Jan-20
1099.50
1111.95
1084.65
1087.75
826 K
16-Jan-20
1103.00
1112.50
1093.20
1099.15
689 K
15-Jan-20
1127.40
1128.00
1080.10
1098.85
1863 K
14-Jan-20
1164.10
1213.40
1111.60
1132.40
2185 K
13-Jan-20
1136.00
1171.90
1125.20
1168.10
897 K
About Shriram Transport Finance Company Limited
Shriram Transport Finance Company Limited, a non-banking finance company, primarily provides commercial vehicle financing services in India. The company offers financing for heavy duty trucks; medium, intermediate, and light duty trucks; pickup and mini trucks; passenger vehicles; farm equipment; and construction vehicle and equipment. It also provides small business finance loans, including dealer funding for new and used vehicle dealers, and tire dealers; working capital funding for customers; and funding to transport ecosystem. In addition, the company offers financing for tractors, three wheelers, multi-utility vehicles, etc.; and finance for working capital and engine replacement, as well as tire-loans. Further, it provides life and general insurance products, as well as accepts various non-cumulative and cumulative deposits. As of March 31, 2019, the company operated a network of 1,545 branches and 838 rural centers. It primarily serves first time buyers, driver-turned-owners, and small road transport operators. Shriram Transport Finance Company Limited was founded in 1979 and is headquartered in Mumbai, India. About Strength
Strength is based on Deep Analysis, Back Testing and Historical Trend Analysis using Machine Learning. Overall Technical Strength is based on 50+ indicators including Technicals, moving Avg, chart patterns, candlestick and proprietary algorithms.Technical Strength is currently calculated around around 5 to 6 PM. This is an automated process and in NO WAY should be considered as a tip as its based on past data. We strongly recommend to use these signals for information only and seek advise from a certified professional for any trading decision.If you like it then please share. The more the visitors the more the innovations. Feedback
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( Intraday Analysis is on 15 Mins Delayed Data. All Other analysis is based on End of Trade day's Value. Expected time of update is between 5 to 5.30 PM exchange time Zone)
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