Shriram Transport Buy call, Diagonal Channel breakout
78
Reasons: 1. Diagonal channel break out 2. Delivery volume is increasing in comparison to day, week and month 3.High Volume 4. Relative Strength 5. Monthly options Stats : 800 and 900 has maximum call writing
Entry Point : Ideal price is 784, today's high but you can enter at current price
Price Target : T1 : 805 ( previous 3 month resistance, Highest call writing is at 800) T2 : 890 (diagonal chart pattern Target price, 200 EMA will come in that trajectory and option 2nd highest call writing is at 900)
Stoploss : Baseline of diagonal channel option put writing 700-720
Strategy : Divide your position in 2 phases first up to 805 then above 805