SRF Showing weaknessWe could see breakdown to trendline, if the price fails to bounce back, we could see 4345, 4285 and 4230.
Conservative entry should be below 4390.
Regards
SRF trade ideas
Buy SRF Again for Target of 4670,SL4292SRF Sustain at the level of 4485 , you can buy it again for 4650 TGT , previous tgt was done
SRF Breaks out from Major ResistanceSRF has given breakout from it's previous major resistance. The stock has good momentum in it.
Currently the chart has entered uncharted territory. One can buy the stock at current levels
and keep Stop loss at 3934 .
**ideas are my own ** Please invest as per your risk appetite **
SRF, READY TO FLY NOW. STEP, BREAKOUT & CONSOLIDATE (CHART# 335)SRF has been moving in steps which is very evident from chart. It has given multiple step breakout (I posted SBICARD study which had same behavior).
Post its major breakout from Blue TL, it has been consolidating for 2 months which is good sign whenever breakout happens.
SRF based on its past behavior that I have observed, when it moves it gives minimum 4-5% move.
Above 4440-4450, it can fly one more time and it is on my watchlist.
Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.
Thanks
Piyush Gupta
SRF BUY on BOBuy Above 4476 if BO with good volume
Demand Zone(Support) at 4130 to 4000
Uptrending stock SMA of 21,50,200 at 4238,4069,3678 respectively
SRF Long Baove 4180Buy SRF above 4180 SL 4120 ..for the Target of 4235 and 4350... Note: Bullish candle should be close above 4180
SRF : RR too good I means one must buy with very small stop of 60 point from here and tgt is 4700.
My view only may be 100% wrong
Hanging around All time highrecently 4010 was a good buy, since price din't come to the channel bottom some may not entered the trade. Its not too late !!!
#SRF CASH : LOOKS GOOD ABOVE 4385#SRF CASH
16.09.2020
LOOKS GOOD ABOVE 4385
STOPLOSS 4345
TGT 4415-4420/4480
CMP 4346.75
SRF LOOKING GOOD FOR BUY ABOVE 4380SRF took bounce from support and broke its trendline in PDS, currently trading above 4260 (Major resistance), looking good to buy above 4380 if sustained.
SRFPrices are in a trading range inside an Uptrend. Bias will be long but entry will be at an appropriate location
SRFSRF(H):- SRF follow upward channel best buy level 4080 for target 4400++ sl 4000 , RSI move up wait for breakout.
#Disclaimer:-I just shared view for only educational purpose.
