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Srfanalysis

SRF Ltd showing bullishness after a long consolidation.SRF Ltd is trading above the trading range and there are chance of the stock travelling forming new highs. The stock has been consolidating in a range for over 3 years and finally the stock has closed above the resistance zone on the daily time frame. In today's session the stock has move more than 6% and in current week it move 10% (approz). After consolidating in a 40% range for a long time, there are chance the stock can test 4600-4700 levels this year. Target levels :- 4692 Stop Loss :- 2480 Entry can be made once the stock retest the break out zone (around 2750-70). Wait and watch for price action near the zone and trade accordingly.
NSE:SRFLong
by TheMamboMomentum
SRF LTD - Long Range Breakout ?Simple Chart - Long Consolidation ( Flag Pattern ). Targets could be higher as well but taking it one by one due to overall market volatility. Fundamentally : The company has declared Negative results for the last 7 consecutive quarters PAT(9M) At Rs 724.72 cr has Grown at -20.67 % INTEREST(9M) At Rs 286.57 cr has Grown at 21.09 % ROCE(HY) Lowest at 10.25 However looking at the chart, something has changed fundamentally which is why there is demand coming in from big players. Specialty Chemical Outlook:- Anticipate good Agro Demand in Q4 with significant improvement over Q3 Fluorochem Outlook:- Q4 to perform significantly better ; Supported by higher HFC Volumes. Packaging Film Outlook:- Demand -Supply imbalance to continue but will soften.
NSE:SRFLong
by CannySunny
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. Follow us for more such information. If you like the idea motivate us by giving likes. Disclaimer: This is only for educational purpose, do your own research before initiating any trade.
NSE:SRF
by InvestyourAsset
6
SRF Ltd - All time highSRF Ltd has taken its breakout from ascending triangle pattern, so give an entry with appropriate Stop loss 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:SRFLong
by PrakWorld_Traders