In the previous session, the Nifty Index saw a gap up opening in the morning session. Over the past five days, the markets traded largely positive and retested the previous support levels that they had violated on their way down. The NIFTY index oscillated 558 points before closing the week with gains. A bullish candle appeared on the daily chart. Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for – Monday, June 27, 2022’ before the market opens.

Shriram Transport Finance Company Ltd.

NSE :SRTRANSFIN   BSE :511218  Sector : Finance

We have plotted a daily chart of SRTRANSFIN. In the daily time frame, share prices are moving above a Symmetrical Triangle Pattern. In the previous session, stock managed to close above long term 200 EMA support which is a sign of bullishness for the coming session. The Relative Strength Index (RSI) on the daily chart is 68.20. As per Parabolic SAR on the chart, dots are moving below the prices which indicates that stock is now in uptrend.

In short, the trend for SRTRANSFIN looks to be positive for now. Due to volatility in the market, positions can be created above previous day’s high above 1256 levels, which can take prices towards 1386/1478 levels. On the other side, the level of 1112 will act as key support for the stock.

Check More Analysis on at SRTRANSFIN: Shriram Transport Finance Company Ltd.