On the lower time frames, 27.2k looks like an area for bounce. However I would ideally look for and want an S/R flip of 26.8k which served as a top of the range for 10 days after the big drop from 30k. So that would be the level you should keep an eye on.
SRF Ltd has taken its breakout from ascending triangle pattern, so give an entry with appropriate Stop loss
***** 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...
I have market the levels in the chart itself. Please refer and comment if you have any doubts !
Selling at CMP
Target : 3725
Risk : 3932
Risk : Reward is 2.57
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