SRF trade ideas
[Buddha] SRF Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
SRF- A box Breakout RevisionLast time i posted this stock on 13th of October and since then it kept me waiting for the right time.
I clearly mentioned it needs to halt before breaking out and that is what it did.
Previous Posted Chart for the reference :-
Waited for almost 20 days and then gave returns of 10% in a day.
This is what is important in trading Waiting for the right time.
Waiting for the right time is the most difficult thing to do in trading. Believe yourself and believe your analysis. Some will fail and some will go your way and the charts which will go your way will give you much more than what u lost in others.
Trade with Sl and believe.
Cheers and Happy Trading
SRF LTD ANALYSIS 13.10.2020IT IS IN SIDE WAY WAIT FOR BEAK OUT TO 4427 TO 4480 IS SHOULD CLOSE ABOVE THIS LEVELS IN DAILY TIME FRAME . THEN ONLY WE SHOULD GO FOR ENTRY . SO WAIT AND WATCH FOR BETTER CONFORMATION.
BUY ABOVE 4427 TO 4480
TARGET 4624 AND 4783
#SRF on which side?This is not a triangle pattern, so I would wait and watch for the right opportunity, and would prefer on the selling side.
Regards
SRF TGT 4491 ,SL 4342First target for SRF is 4491 and if this stock will breach 4491 then my Target will be open.
SRF - Tweezer Bottom - Intraday ViewSRF :
Intraday View
Tweezer Bottom Done at end of downfall
Long above 4385 with SL 4370 for quick points
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
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
