SRF closed on 1561.8 on 26july 2017 one can consider it for august series if SRF give closing above 1575 as it is 1st resistan of 78.6% retracement
SRF can be good bet for long if it gives break out as per the pattern mentioned. One can wait for breakout and enter for said targets.
SRF Ltd:1553 is trading in a symmetrical triangle, near support now. The stock is in an oversold state, can take move towards 1800. On break out of this triangle the stock can move towards higher levels. Stop:1540
SRF, Conditional Sell:- If stays below 1630 will open up doors for 1540 and 1450
STOCK IS IN DOWN trend pulled back a bit now it seems might resume the trend on can look into the stock around 1635 fr targets mentioned in charts with sl placed around 1688
stock in downtrend rest in charts targets and sl below 1585/1558/1536/1505 sl 1667
stock is in up trend chances of stock turning soft for a pull back one can look into this stock for a target towards 1700/1675/1655/1631
SRF has broken the resistance around the level 1770 - 1780. We can go long above 1780 with the stoploss of 1750. Targets are 1860 and 1900. It is a long trade and we can take it for investment. Consult your financial manager before investing.
SRF is in ascending channel structure, can go long with round number 1700 SL for Rs 2250 target (around 25%)
Buy Range: 1690-1670, Stoploss Just below 1515, Targets : 1955-2300 Duration " 2-3 months
This chart is an entry in my diary. I'll track it for study purpose. Any views are welcomed on how the stock will behave.
stock seems to consolidate after big down move expect a bounce towards 1636 entry around 1595 sl1561
SRF breaks above cumo cloud; breaks above the flag; moves above recent high of 1705; ADX showing strong trend; Buy SRF Targets - 1775 1815 Stop loss - 1655
Intraday of for couple of days:- SRF Can be shorted for target of 1820 SL- 1910 A decent risk to reward. Like it if you love it :)
SRF recently broke out of it's triangle formation above 1450 and continues to ride the momentum in it's final 5th wave UP. Likely targets are 1850 and above