Hello & welcome to this analysis
Stock has been a rank outperformer giving multi bagger returns but after lengthly periods of sideways correctives as can be seen since its listing.
Currently also in its corrective with no clear direction indication in any time frame.
All the best
In the Weekly Chart of SRF ,
we can see that; it is forming Pole & Flag pattern.
Also, hammer candle is formed on W breakout Trendline.
Enter on breaking Hammer candle's High with Low as SL.
After entering hold at least for an year for better % of returns.
SRF Ltd. has shown a clear Support by reversing from Weekly TF zone.
After this breakout it has consolidated for 3 weeks and gave a clear breakout backed by volume.
It may move upto now from current levels to TL rejection level or may move to ATH.
SL can be placed below consolidation zone on closing basis.
DISC: Please consult your financial advisor before...
The stock has taken support at the shown trendline third time in the last year. If bounces back again, it can be a good opportunity with a good risk-reward setup.
If goes bullish, humble targets may be 2350/2470. Sustaining below 2130 will weaken the strength.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Hello Friends,
Last month we have seen a small buying interest in many chemical stocks due to Chinese negative sentiments excluding SRF. In August few brokerage firms intiated buy call for this particular stocks that's the reason it didn't performed well as we all know how the buying calls Game Works. I have been tracking this stock from last few months.
We can...
SRF Ltd. engages in the manufacture of chemical based industrial intermediates. As per the monthly and weekly chart, SRF is trading in a sideways range and never closed below the price of 2168 on monthly chart from last six months. Also, it has given breakout of daily and weekly timeframe.
On weekly chart, price has shown strength and closed a healthy candle....
Author uses Gann, Fibonacci and Wave Analysis along with his own unique personalized indicator which make analysis of any level very easy. Avoids cumbersome Price, Time and Volume Analysis.
Helpful in Swing, Long- Term and intraday analysis.
Buy SRF above Fibo Level - 12 of 2368.8 and expect Level of 2895.6 in the long run.
For Swing Trading of any stock...
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