SRF Good to rally up if holds above 2355 on daily chart

Dec 20, 2024

SRF has broken out of a downtrend with strong buying momentum. The breakout indicates a potential upward move.

- The price has decisively crossed the trendline, confirming bullish sentiment.

- Increasing volume on the breakout confirms participation by buyers.

Entry Point: Around 2,325 INR (current level or on slight pullback).

Stop-Loss: 2,220 INR (below recent swing low).

Targets:
Target 1: 2,500 INR.
Target 2: 2,625 INR.

Monitor the price action closely for sustained momentum above the breakout zone.

🔴 Disclaimer - Not a Buy/Sell Recommendation.

TrendX Institute of Technical Analysis
(A Unit of Candlestick Institute OPC Pvt Ltd.)
GSTIN NO. - 07AALCC8499B1ZA