Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Shriram Transport Finance Corporation has already topped out. A very clear and a visible distribution pattern has been made and it is embarked on down move. This down move will not stop."
"The Nifty's rally has not prevented it from going lower. Therefore, a very classic distribution and a downtrend has started. Keep on selling it whenever one can. A small rally suggests that one can go short in it," Sukhani said. Also Read: Shriram Capital applies for banking licenceDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
