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A bearish continuation pattern in Shriram Transport Finance

Moneycontrol Contributor   •

After a strong rally in the past few weeks, Shriram Transport Finance has displayed signs of weakness. A sell sign is triggered and the price has also breached a key support level too.

Shriram Transport Finance Company | The stock has gained 144 percent to Rs 1513 per share during September 30 to February 15 period. FIIs increased their holding in the December quarter to 61.74 percent from 60.52 percent in the September quarter, similarly MFs shareholding rose to 1.58 percent from 1.49 percent.

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