NSE:SRF has reveresed from its long time support forming double bottom and now its forming symmetric triangle One can go Long on SRF after successful break out of the triangle Long above 1781 T1 - 1929 T2 - 2073 SL - 1669.30
The stock made a huge bullish engulfing candle on Friday wiping out weak hands in the stock! The has historically seen resistance in the band of 1785-1753, a clean breakout + close above the region can trigger good times for the stock!
Buy cash above 1680 SL 1660 Tgt 1698-1700/1720/1790 (Pennant pattern breakout above 1680 only)
Srf keeping stoploss of 1510 go long, , once it crosses 1640 you will see huge brekout to the upside.
LONG SRF CMP1636.80; TGT=1685;SL=1580
In monthly, ew count shows that sub wave C of wave (2) is going on here. Here are the fractals of wave (2) in daily, fibo extension of sub wave C. . 1(1251), 1.272(1085) quite possible here. fibo retracement levels for wave (2). .382(1235), .5(1000) quite possible here.
Long at CMP. Stoploss at 1495. Target Levels are at chart
I am only looking for day trade in this stock , I am looking for small pull back in order to Go long for very short range Target 1 and if i am lucky i will be trailing my stop for Target 2 Regards
Buy at current market price with stop-loss of 1498 on closing basis for target price of 1696 and 1859...
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