SRF LongEntered on 27 July 18 on 1694.10 with a stop loss at 1618.30
TSL 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% update on 01 Aug 18 from 1618.30 to 1686
TSL 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% update on 14 Aug 18 from 1686 to 1860
Current Trailing Stop Loss: 1860
In case of hitting Stop Loss confirmed profit: 165.9
SRF
Small Risk, Morning Star Reversal & Divergence We can observe that the lower low made is not supported by the indicators thus forming the divergence and showing the strength. It is formed Morning Star Candlestick reversal pattern which is reasonably reliable so one can buy the stock at current level by providing the appropriate SL. We can expect the target of 1815 which offers a good Risk to Reward trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Educational 19: Triangle Pattern Formations (Watch-list)It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days.
On verge of Breakout:
1. Hindpetro
2. South Indian Bank
Successful Breakout:
1. Hexaware
2. SRF
Regards