SRF LTD. is looking good on Daily and Weekly chart. Currently it has made some positive price action near the demand zone and closed above the previous day. Also, it is taking day timeframe trendline which is dual confirmation.
One can initiate fresh position near 2340-2350 and SL will be 2140. First target will be 1:2 which is 2400 and second target will be 1:4 which will be 2560.
Happy trading :)
One can initiate fresh position near 2340-2350 and SL will be 2140. First target will be 1:2 which is 2400 and second target will be 1:4 which will be 2560.
Happy trading :)
Comment:
There was typing mistake. Entry would be near 2240-2250.
Trade active:
Trade active as per the plan
Trade closed: stop reached:
Closing trade as SL hit. Will watch this stock for another entry.
Comment:
SL hit due to bad results but stock is still at our buying levels. We will wait and will post update of new entry after some price action.