Hanging around All time highrecently 4010 was a good buy, since price din't come to the channel bottom some may not entered the trade. Its not too late !!!
SRF trade ideas
#SRF CASH : LOOKS GOOD ABOVE 4385#SRF CASH
16.09.2020
LOOKS GOOD ABOVE 4385
STOPLOSS 4345
TGT 4415-4420/4480
CMP 4346.75
SRF LOOKING GOOD FOR BUY ABOVE 4380SRF took bounce from support and broke its trendline in PDS, currently trading above 4260 (Major resistance), looking good to buy above 4380 if sustained.
SRFPrices are in a trading range inside an Uptrend. Bias will be long but entry will be at an appropriate location
SRFSRF(H):- SRF follow upward channel best buy level 4080 for target 4400++ sl 4000 , RSI move up wait for breakout.
#Disclaimer:-I just shared view for only educational purpose.
Srf We usually use negative in a normal way which means price making higher high and rsi not following the price but we have to take care that rsi should not break its previous low if the pattern needs to work it has formed a classical triangular pattern as price moved in a channel
SRF - Study if u canBasically We should not draw more than 3-4 trendlines
this will only increase confusion and decrease your decision making skill
The trend is up- buy on dips type stock
Trendline resistance
SRF LOOKING GOOD ABOVE 4330SRF gave breakout on 18Aug and next day formed a doji. But,it succeded to hold the level of (4270-4260). Looking still positive, good buy above 4330 for upper targets
SRF - Intraday Trading Setup for 13 Aug 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor only.
SRF MAY GOES SIDEWAYS BEFORE BREAKOUTSRF 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.
Strong buy - SRFStock had been under consolidation and finally breakout is about to happen.
go long at cmp
A Cup and Handle Pattern - SRFToday the stock witnessed a breakout from the consolidation base. The cup-with-handle formation occurs frequently before big moves made by stocks and such occurrences are no coincidence. In the present scenario before the formation of the cup and handle pattern, the stock witnessed an uptrend with higher swing lows and higher swing highs from the levels of 2588 to 4260. The time taken for the completion of the pattern is 15 weeks. The pattern depth is 42.07 percent. The handle has formed in the upper half of the base. Volume decreased during the formation of handle. The stock broke out of a consolidation base with above average volume and is trading in an ideal entry zone.
Trade Decision
With a short to medium perspective (3 to 6 months) one can invest between the entry zone of 3772 and 3961 with an initial stop loss of 3460. Price surpassing the recent high and closing above the levels of 3885 on a weekly basis, one can expect a measured move to the zone of 4400 to 4640.
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
pelprice action is confusing if pel go above friday high than for tgt 5 % gain positanal. if go below friday low then go short for 5% gain
with friday high low SL.
SRF - Bullish stockSRF has taken support at 3775 and also the trendline.
It has moved up on Friday with very good volume. It will slightly correct before moving up. It can go beyond 4200.
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