SRF trade ideas
SRF LIMITED - Bullish Breakout with Volume!SRF LIMITED
The stock closes above the Resistance level 3670 with good volume.
Technical Indicators are positive.
RSI is sloping upward and is entering a strong upward trend zone.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
If the price breaks today's high with volume, the next resistance is 4200. Nearby support is 3620.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
SRF LONG(RISKY) SRF has broken it's important resistance in the daily chart, But it is a risky trade as results will be out today.. Seeing the break out with good volumes indicates a good result.. Trade with caution. Maintain a Strict stop loss of swing low.
Avoid if gap up/down.
SRF Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Synergistic Pattern: Double Cup_Handle + Triangle Levels are on chart.
Please like this pattern.
Thank you. Happy Trading!!!
SRF CASH : GOOD SELL BELOW 3400 LEVELSSRF CASH
27.05.2020
SELL BELOW 3400
STOPLOSS 3440
TGT 3360/3320
CMP 3426.2
Downward Ascending Wedge Pattern - SRF Breakout in the downward direction will activate our trade.
Till then the stock has enough room to travel inside the pattern.
Stop Loss will be a few points above the breakout.
Target will be the difference between the breakout and the trend line.
Stay Safe & Trade Safely.
Technical analysis rounding top Recognizing: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.
Recognizing this kind of a change can allow traders to take profits and protect themselves from buying into an unfavorable market, or strategist to make money from falling prices by short-selling.
SRF Ltd. - DailySRF Ltd.
It is trading in a narrow range and at the resistance level (Fibonacci 61.8%).
Technical indicators are mild bullish.
- If price trades above the upper resistance level 3750 and breaks Fib 78.6% level (3879) with Volume, then the next resistance is 4100 & then 4264. Support is 100 DAY SMA (3549) on daily chart.
- On the downside, if it breaks (3480) with volumes, next support levels are (3275), (3121) & then (2965). The Resistance level is (3775).
SRF : Breakdown : Descending Triangle - SellSRF has given a breakdown from a descending triangle pattern on 15 mins timeframe.
Initiate short.
Target: 3543
Stoploss: 3660
Pullback from Support. What Next ?Came down - Took Support - Went back to 200 EMA - Got Rejected - Heading down again.
It's a short for now until gap up or gap down eliminates the idea.
SL would be few points above 200 EMA
Target - Support Line & Trail if fails to sustain.
Telegram Channel - sarthak_singh
Happy Trading :)
[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.
[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.
SRFTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
SRF_Long_Strong MoveSRF::
Showing Nice momentum, breaking the resistances
Above 3746 for 3853, 3950
SL 3685
