Incorporated in 1970, SRF Ltd manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers
SRF is showing signs of breakout in the weekly TF. Keep it on your watchlist
-Accumulation Phase: SRF Shares Gather Momentum in 30-Month Range of 2000-2500. Disclaimer: Information provided for educational purposes only. Trading involves risk. Conduct research and consult financial advisor before making investment decisions.
SRF looks very bullish. I feel it will touch 2480, 2500,2550,2600 in short term in 4-6 weeks. Also my analysis about SRF is 90% correct so please study and add your analysis as well.
Falling wedge seen on monthly chart. Daily chart reflect accumulation. Chemical sector might just bounce back soon.
SRF- Price is trading in the range from Sep'21. Price movement is narrowed now. Hopefully this time, price take one side. Reason to go long: Agrochemicals is in downwards trend. But market appreciates price before the sector revival, forward looking. My plan: Will do SIP. This time I will wait for few months to year. Exit if price goes below 2100.
Its near its 52 Week low. Dividend giving stock. Good ROCE ROE. Promoter Holding is good & No promoter Pledged. Debt is less than reserves. Demand Zones are marked as Green shaded horizontal areas. Resistances are marked as red horizontal lines. Stoploss is marked as orange horizontal line. Skyblue arrows Show bounce back points on Demand Zone. 200 EMA is shown...
In the Weekly Chart of SRF , we can see that, it is at decision making point. expected momentum is shown in chart.
Descending triangle going to breakout upside. in the middle of swing we can see good volume. Stock may move up side from here.
Keep add SRF.. Best Fanda stock in the chemical sector.. Lots of capex & multiple sector market leader all in one place.
With the company reporting extremely poor exports the stock could fall further. Short below 2288 with a SL above 2350. The stock would break down and could reach 2075. A better time to take this trade is when the markets are in the red.
Upper range is 2530 and lower range is 2050. If break 2530 than Target will be 3100.
#SRF Cash -Positional call in 15 days 09.01.2024 Looks good sell around 2342-2350 stoploss 2405 Tgt 2220/2160/2125 Cmp 2312
SRF looking good for long term according to chart patterns.
Breakout target 2450+ This is just a study not a buy call.
Can take position in srf , futures or options, expecting fast rally to 2600