SRF trade ideas
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.
myTrends
twitter - @myTrends7
SRF to break down?Srf moving in channel showed a bearish engulfing candle, if a gap down openning is seen tomorow then go short.
[Buddha] SRF Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
SRF Ltd Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
FLAG BREAKOUT IS ON CARDSSRF IS NEAR SUPPORT WITH RELATIVE STRENGH WEAKENING BUT IT HAD HAPPEN IN PAST INSTANCES NSE:SRF FROM WHERE BUYING EMERGES AND STOCK HIT FRESH LIFE HIGHS ATLEAST 20% UPSIDE FROM CURRENT LEVELS
