Srf ltd forming a falling wedge pattern near major support on daily timeframe.
Good positional setup All levels are marked on chart.
Always trade with stoploss.
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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...
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...
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...
SRF 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.
SRF is currently trading at its resistance. If you notice the pattern of SRF, it gives breakout and goes sideways for several days, likewise if happens same this time, it should go sideways before giving a breakout. Momentum is strong.
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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Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
The main point of recognizing the pattern is to anticipate a significant change in trend from upward trending prices to downward trending prices.