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BUY ABOVE ONLY 37.50
Sell SREI Infra below horizontal line, On daily chart it is forming
Symmetrical Triangle, higher chances of breakdown.
Put SL after breaking of horizontal line of 34.75 for trgt of 20.
SRE Infra is in downtrend and has been slipped ~55% from last year. Company has posted awesome result this month only and also its subsidiary(SREI' Equipment Finance (SEFL)) is going to list on NSE, SEBI has already provided observation letter to company.
SRE Infra is trending near to its trend line and also in oversold zone as per RSI.
Below are the stats for ...
Trades at 0.5 P/B
aug monthly faced resistance at 52 which also happens to be fibonacci sequence
Can be bought with a stoploss at the below end of channel.
SREI Infra - channel breakout
Good candidate for long.
Continuation of recent large volume move
Stoploss and targets on the chart
Much clearer in line chart
Bounced back with very high volumes... should compress and then expand in few days...
Above 58.60 its good bet for positional
not happy with the volumes... lets c price follows chart or chart follows price....
Buy on pullback or if sustains above YH for the target oif 38.6 Fib Level.
SL below the trendline.
SREINFRA buy at 64.10 with Stop-loss of 61.80 and Target1 at 67.65 and Target 2 at 70
Today on NSE, SREINFRA is trading with 4 times its average volumes and HAMMER CS pattern
Refer chart. Double bottom formation going on. Consider to buy, after formation done.
It seems that at 70 level buyers emerge and find the stock cheap from where prices bounces back. It has developed the triple bottom and now strong green candle is developing. It offers a good trade with small Stop loss of just low of today. One can continue the trade with trailing SL for the target of 87- 93. It may work as a very good risk to reward trade. ...
I am looking this as range bond for next few days , it has two possibility it can brake the current low and come down swiftly or it will go for few days in range then will head down ,
Once this drop and reversal it will be last correction then one can look for Going long with Bullish Confirmation
For the start of May Future series I am considering to go long in the stock.It has broken the resistance of 85.50 decisively and heading towards the target of 98/110. 84 level can protect the trade so should work as a stop loss.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
SREINFRA entering channel again!! 1st target can be 96, which is the horizontal resistance! If 96 crossed then will go for 104 as 2nd target! One can enter with a stop of below 84!
Wave (5) started
Retracement from 61.8 of wave (3) with strength
(4) does not overlap with (1)
Target 96 / 138 / 180 / 200
SL 57 which invalidates (1)