SHRIRAMFIN – A High-Quality #VGM Candidate on Radar
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SHRIRAMFIN – A High-Quality #VGM Candidate on Radar
PCR has qualified under the #VGM framework, supported by multiple bullish factors:
Bullish MAST Indicator
EMA Rising
SuperTrend Rising
Active Double Top Pattern
Last Two Columns' Lows Above EMA
Healthy Minor Retracement After Anchor Column
Positive RS Column ReversalFrom a risk-reward perspective, the setup remains attractive:
on 3% Price chart potential ABC breakout.
A successful breakout can offer a significantly larger upside compared to the current risk.
The stock is trading around 1% above SuperTrend, while RS is just 0.25% away from crossing its SuperTrend, indicating improving relative strength.
#VGM Positioning Approach
Allocate 50% position now
Add remaining 50% on DTB confirmation
Follow DBS as stop-loss
TradersKeep it on the watchlist
Trade it according to your own price-action or breakout system
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#shriramfin
