SRF trade ideas
SRF-LONGDescription in chart
Safe Trade - Sell 1950 PE at 2.8 this expiry
Aggressive Trade - Sell 2000 PE at 7.
Write SRF 2200 CE Dec ExpiryWrite SRF 2200 CE Dec Expiry at 55-65 with a target of 45-40-35 in a week time.
#SRF CASH : RISK FREE ONCE ABOVE 2050 (MINOR RESIS AT 2035)SRF CASH (08 JAN 2019)
RESISTANCE 2035
(RISK FREE ABOVE 2050)
Bull Race ONSomeody selling blindly at this level's SRF is very weak sell if PDL broken.
Level's mentioned in chart
SRF forming a clear butterfly pattern on weekly and daily chartsAll the coordinates are very near to a perfect match. Should go long now and watch for couple of weeks.
Exit near 3000.
Flag PatternThe Chart has nicely formed FLAG pole between 25.10.18 to 02.11.18 and gave the breakout with good volume after small consolidation. It offers a good long trade at current level as the detail given below
Entry 2051
SL 1995
Target 2172
Risk/Reward Ratio 2.16
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
SRF LIMITED Cup And Handle Complete SRF has completed a text book cup and handle formation on daily timeframe .
2060 - 2080 is a long term support / resistance zone .
Expecting a breakout or a reversal from these levels .
#SRF CASH : LOOKS GOOD ABOVEV 1900 ONLY#SRF CASH
30 OCT 2018
LOOKS GOOD ABOVE 1900 FOR 1930-1940/1980/2040
CMP 1855
