Divergence with falling wedgeSRF Buy
Reason
1) stock down but stocastic RSI is up.....
2) falling wedge pattern
2) Rollover is very low...it means shorts are cover
3) Risk reward ratio is best..SL is previous low
SRF trade ideas
Small Risk, Morning Star Reversal & Divergence We can observe that the lower low made is not supported by the indicators thus forming the divergence and showing the strength. It is formed Morning Star Candlestick reversal pattern which is reasonably reliable so one can buy the stock at current level by providing the appropriate SL. We can expect the target of 1815 which offers a good Risk to Reward trade.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Breakdown from its previous supportstock is in downtrend broke down from its previous support will lead it to next support
SRFBuy SRF 1995... for target 1950, 2000, 2050, 2150...with SL 1830
Strong seems with brake out
Support the BB and MACD also
SRF - Double TopSRF Ltd. NSE:SRF has formed a clear Double top with Negative Divergence.
To me looks like it is slowly moving towards ~ 2000 levels guys.
2300 can be a good resistance on the upside.
However one needs to watch out for result on May 17.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
SRF is a buy on dips to 1960-1966 Stock has given good breakout out of symmetric triangle and done a retest of triangle breakout!! Buy on dips with stop below 1880
SRF-Cup & HandleSRF stock in daily chart there formed Cup and Handle pattern and now moving according to that. Stock Cna hit 2050 soon as there is support level at 1940.
SRF - Will it show 2400+ by Feb. End ?Buy Here at CMP 1955
Stop - 1780
Targets - 2400+ in next 2 monhs
SRF - CUP & Handle PatternNSE:SRF has formed cup & Handle pattern.
One can long above 1912.30
Target 1 - 2116.60
Target 2 - 2332
SL - 1748.35
Symmetrical Triangle breakout in SRF#SRF (CMP 1830) has given a BO on weekly charts from a symmetrical triangle pattern. RSI has also given a BO in October 2017. Put a SL at 1727 for a primary target of 2360
SRF CASH : Highly bullish once sustain above 1800Short term - Buy SRF CASH ABOVE 1800 STOPLOSS 1765 TGT 1824-1830/1850/1895/1940 (CMP 1757)
(Highly bullish once sustain & close above 1800)
(Level valid till its not triggered)
SRF - Double Bottom reversal & Symmetric triangle 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
SRF - #WatchlistThe 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!
Pennant pattern breakout Target Suggest to be 1700/1740/1790Buy cash above 1680 SL 1660 Tgt 1698-1700/1720/1790
(Pennant pattern breakout above 1680 only)
ascending triangle noticed. Srf keeping stoploss of 1510 go long, , once it crosses 1640 you will see huge brekout to the upside.
SRF EW analysis - sub wave C of wave (2) is going on here.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.
