Hey guys here is a video idea of SRF which has just broken out of the triangle wave 4 of internal degree. Expected to retrace to the breakout level then a positive move for wave 5 internal degree.
Please do your own analysis before going into a trade. I am not a SEBI registered analyst. Any losses on the chart are sole responsibility of the viewers.
Thank you.
The technical chart is self-explanatory as always.
The company has planned some serious CAPEX. Will leave a link in the comments to the recent announcements made by the company.
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Hello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
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Gautam Khanna
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we are looking SRF bullish move.
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Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial...
Target Mentioned in chart
OLD chart
FUNDAMENTALS
Market Cap
₹ 76,775 Cr.
Current Price
₹ 2,590
High / Low
₹ 2,637 / 2,040
Stock P/E
52.0
Book Value
₹ 366
Dividend Yield
0.28 %
ROCE
22.4 %
ROE
22.8 %
Face Value
₹ 10.0
Price to book value
7.09
Intrinsic Value
₹ 1,114
PEG Ratio
1.44
Price to Sales
5.75
Debt
₹ 4,976 Cr.
Debt to...
SRF completed a long time complex triple 3 correction by Z and raised on impulse on the weekly chart which is expected to continue as per the wave analysis and pattern breakout analysis after a retracement
Entry Above- 2550,
Target-3120,
SL- 2340,
SRF might be a good long-term investment because:
Lots of businesses : Makes money from different areas like chemicals and fabrics, so if one area slows down, the others might keep going well.
Leader in chemicals & growing : They're big in refrigerants and making new chemicals for medicine and farming, and they keep...
SRF: Stock is now in uptrend
a triangle breakout possibility
stock broke trend line 1 as can be seen and this time it sustained above the same for a decent three-week interval
expect this momentum to continue for targets 2850-2880 and 3200 on the upside in next two to three quarters with accumulation zone of 2200-2500
with a stop below 2120 level
Price is contained around 2000-2500 range for more than 3 years now. It could have broken out earlier but the financials are not favourable for that to happen.
Despite the negative quarters for SRF price is still holding its range — this hints that: market is waiting for positive news and any little positive can bring rush in price movement!
Since Management...
On purely technical analysis it looks like 2x to 3x on the cards fr SRF, tested 2098 level multiple times and creating penant pattern on chart, pole length started from approx 1030 level, so target for breakout of penant pattern is coming around 5600. On daily chart has already broken important level of 2362, for which immediate target is coming at 2477.
Stock completely traded in a sideways channel
Price below all moving averages
Macd Bearish
RSI Bearish
Result weak, sentiments very Bearish.
Stock in downtrend, more weakness if the break yesterday day low.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
