#SRF Long (05 Apr)
RSI-66
Breakout & retest
Buy at CMP- 2732 or at 2700
SL- 2600
Target- 2805, 2920
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Charts and views are only for educational purpose.
SRF Strong Breakout Momentum is getting picking up Cmp 2708-10
Strong Versatile move to New High Possible now
candle - Big Bullish Candle on Cards
rizing Channel Breakout seems day or 2
Looks Promising rally structure for 300-500 points rally here on
good for short term also
SRF is in uptrend with price breaking out previous swing high with positive RS but it is done with a divergence on RSI so 2621 level on closing basis is now crucial to validate this breakout, if sustained long trade can be initiated else could correct upto 10 %.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
1 Crucial resistance zone
2 all time high
3 trend is strong bullish
4 volumes are dry so anytime a sharp rise in volume can be witnessed
5 keep it in your watchlist
SRF Limited is a multi-business chemicals conglomerate engaged in the manufacturing of industrial and specialty intermediates. The company’s business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics.
SRF Limited is a holding company engaged in manufacturing of chemicals and polymers, technical textiles and packaging films.
Current price is more than the intrinsic value
Stock has been generating better return on equity than bank FD
Stock doesn't offer attractive dividend returns
Low probability of default in next 12 months
In last 3 months, mutual fund holding...
Going to be a Buy soon.
Posting in advance for ample time to enter the trade.
Simple Harmonics.
TGT1/ TGT2 as marked.
SL can be a little lower than marked. (atleast try keeping a 1:2 Risk reward).
Disclaimer: These are my VIEWS only. Donot enter blindly. Analyze and if you agree then only enter pls.
Note this is a short term/ positional trade.
I will be...
SRF Cmp 2383 dated 18.2-2022
1. Trendline Breakdown @ 2360
Sell below 2360 for a tgt of 2340-2275-2170
SL 2450
It is just a view, pls trade at your own risk.
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