NSE:SREINFRA
Observations- on the Chart.
I see an upside in SREI INFRASTRUCTURE FINANCE.
Hope to see it does what I made in the chart.
There can be more push to upside than shown in the chart.
It has ended its correction phase and entered a long term bullish outlook.
Predictions are merely for education purposes. No Trading Advice whatsoever in this profile.
SRE Infra is in downtrend and has been slipped ~55% from last year. Company has posted awesome result this month only and also its subsidiary(SREI' Equipment Finance (SEFL)) is going to list on NSE, SEBI has already provided observation letter to company.
SRE Infra is trending near to its trend line and also in oversold zone as per RSI.
Below are the stats for...
SREINFRA buy at 64.10 with Stop-loss of 61.80 and Target1 at 67.65 and Target 2 at 70
Today on NSE, SREINFRA is trading with 4 times its average volumes and HAMMER CS pattern
Stock Nicely Moving in a Channel.
At Support Levels.
Risk Reward Favourable.
Positional View For February Series.
Other Details Mentioned in Chart.
Please Consult Your Financial Advisor Before Taking Any Decission.
I am not SEBI Registered Financial Advisor.
As per Previous Chart, it has achieved all targets & failed to sustain above it.
Now again it has fallen below that upper line of channel.
Positional View for November Series.
Other deteails mentioned in chart.
I am not SEBI Registered Financial Advisor.
Stoch in mid, MACD going to line crossover and the CMP is above the Avg line in Bandbollinger.
Expecting the target range is 113-116 as per Bandbollinger +DI levels .
SREINFRA wilL hit 136 soon as per chart pattern but buying to stock not at cmp buy stock near 121-123 with sl 118.** for target 136 in time next 10-12 days.
