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SRF CAN IT BE A BUY ON THESE LEVELS Hello Friends,
Last month we have seen a small buying interest in many chemical stocks due to Chinese negative sentiments excluding SRF. In August few brokerage firms intiated buy call for this particular stocks that's the reason it didn't performed well as we all know how the buying calls Game Works. I have been tracking this stock from last few months.
We can buy SRF 2400 CE Options September Expiry Currently Trading at 59.90 it will cost you around 23000 to buy this option.
This OPTION CE looks very bullish besides the stock is being trading in a narrow range. It's a bit risky but worths a buy.
Target of this OPTION CE can be 275plus.
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Disclaimer-Option Buying is Risky.
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.
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Disclaimer: This is only for educational purpose, do your own research before initiating any trade.
SRF Ltd. Possible Elliott wave counts, looks corrective phaseHello Friends,
Here we had shared possible wave counts of SRF Ltd. which is clearly showing corrective phase in current scenarios, After completing impulse move as 1-2-3-4-5 now we are in correction, which is unfolding as A-B-C as a zigzag correction pattern, which should unfold in 5-3-5 subdivisions, and already we had finished wave A and B, now possibly we are unfolding wave C which should come as in five subdivisions as a 1-2-3-4-5, in which we had finished 1-2 and now possibly we are in 3 of C, Overall, as per Elliott wave structure, bias are bearish in this stock, with Invalidation level of price crossing above 2636. which may give good lower levels in upcoming weeks.
Still there is a support area shared and discussed in this video post which is horizontal support zone, once its broken then for bears, but it can provide support also, so be cautious, Some significant snap shots are shared below, please go throughout once. I am not sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
MACD Negative crossover in Daily time frame
MACD in weekly making lower high and now in down tick position
MACD in monthly already running Negative
RSI on daily down tick and broken trendline support
RSI on weekly breakdown as head n shoulder pattern and also broken support trendline
Price closed below 20DMA and also challenging lower Bollinger band on daily
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Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
SRF Ltd: Setup to watch for...On a daily chart, the stock recently reclaimed the 200 day EMA with volume and is hovering above it.
Breakout above 2352 with initial resistance at 2416. Might see price consolidation in this zone.
Watch for positive price action above 2416 with volume.
2260 - 2240 are important nearest support zone.
However, do always keep a stop loss between 5-8%.
Note: Not a buy/sell recommendation. Do consult your investment advisor.
#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.
Flag pattern breakout buy above 9230 in Intraday and Swing
for Swing trade keep Stoploss below 8600
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
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
SRF - Risky Investment IdeaSRF has been one of the best multibagger stock which is on NON Stop Rally. Finding the correct Entry point is difficult as there is always risk of downside. Hence this invesment idea is only for Risky people and Reward will also be equally high. Buy around 6000-6200 levels.