SRF LTD important levels to watch.

the stock has started its downward movement from past few days. now the stock is trading near its important support zone marked on the chart.

More downside possible if the stock breaks down from the support and gives closing below the level on daily closing basis. Expected target can be next support zone marked in green on the chart.

Keep the stock on radar.

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Disclaimer: This is only for educational purpose, do your own research before initiating any trade.

Comment:

Took support on daily closing basis, lets see if it can break or bounce back.

If the stock bounced back, a good opportunity to long can be expected above 2420. till then the stock is weak as per my view.

Comment:

stock is trading in its previous demand zone.

Comment:

breakdown !!

Comment:

straight towards next support after breakdown. Currently taking support at the level marked in green line on the chart.