Shriram Transport Finance: Nice Price Action At Support

Price has been finding suppport / buying interest close to the Rs.1,000 mark. This is apparent from the price action and volume signature in the chart. Over the past few days, the price has been consolidation in a tight range, suggesting potential accumulation. A breakout above immediate pivot resistance at Rs.1,050 will be interesting. All bets off below the recent spike low of Rs.975.