SRF Lower End of Parallel Channel and 200 EMA Support.NSE:SRF is Looking Good from a positional trade perspective as it's reaching to its long-term support of a parallel channel with the lower end also being the 200 WEMA, one can buy and book profit again when it reaches the upper end of the channel on a weekly time frame.
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Srflong
SRF - Ichimoku Bullish Breakout Stock Name - Srf Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2555
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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#srf #srflimited breakout levels NSE:SRF
SRF Limited stock might get good break out and it might complete these W patterns one by one.
One can go for swing as well as positional too.
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
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