Investor’s Pleased with The 0.79% 13-Week Gains For Shriram Transport Finance Company Limited (SRTRANSFIN.NS)

Shares of Shriram Transport Finance Company Limited (SRTRANSFIN.NS) have been trending up over the past quarter, revealing solid bullish momentum for the equity, as they ran 0.79 over the past 13 weeks.  Looking more nearterm, the stock moved 1.36% for the week.  Looking slightly further out we note that the shares have moved -15.69% over the past 4-weeks, -15.11% over the past half year and -32.69% over the past full year.

When looking at technical analysis, one of the leading concepts is that of the trend. Chartists are constantly looking to identify trends to help determine which way a stock price is moving. Trends may not always be easy to spot, but they can be highly useful when identified. When looking at the stock market, an example of an upward trend is generally classified as a stock price that over time keeps reaching higher highs and higher lows. On the flip side, a downward trend is usually identified by spotting a stock that has been hitting lower lows and lower highs. Defining trends may take the novice trader some time to figure out, but learning how to properly study charts may help bring in steady profits in the future. 

Currently, the 14-day ADX for Shriram Transport Finance Company Limited (SRTRANSFIN.NS) is sitting at 36.79. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

Investors have the ability to use technical indicators when completing stock research. At the time of writing, Shriram Transport Finance Company Limited (SRTRANSFIN.NS) has a 14-day Commodity Channel Index (CCI) of -43.84. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 1016.17. Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Interested traders may be keeping an eye on the Williams Percent Range or Williams %R. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Shriram Transport Finance Company Limited (SRTRANSFIN.NS)’s Williams Percent Range or 14 day Williams %R currently sits at -72.18. In general, if the indicator goes above -20, the stock may be considered overbought. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 37.45, the 7-day is 43.54, and the 3-day is currently at 64.48 for Shriram Transport Finance Company Limited (SRTRANSFIN.NS). The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns.

Investors might be searching high and low for the next great stock to trade. Professional investors may have their game plans honed and ready to roll, but amateurs may be fighting to stay above water in the markets. Leaping into the equity markets without any preparation may lead to quick losses. Keeping track of all the ins and outs of daily market activity can be exhausting, and investors may be best served if they are able to focus on the essentials and rise above the noise. Although successful trading might be measured differently from one person to another, the general principles of winners are generally the same. Snatching profits from the market may seem like an easy task when stocks are soaring, but things can always snap back in the blink of an eye. Investors who are able to prepare for any situation may find themselves ahead of the game when the inevitable bear market scenario rears its head.

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