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.
SRF is inside the order block zone so if a green candle forms touching the zone. One can create a position if its high breaks. Good for swing after all criteria respects and target is huge.
Daily Chart Hammer Candle is forming. SL : 2249 Target : OPEN Risk is yours and Reward is too yours totally. Time Frame : 15 days max
Buy SRF @ CMP for the Target of 2626-2750-2873-2997-3742 SL 2346 Strategy : Double Bottom + RSI > 60 + EMA above 20 & 50 Duration few Months
My favorite candle on weekly time frame of srf. Also this candle works well on support trade purely on this candle basis. candle low will be sl. and target will be near 2700. it has gud potential upside target. follow strick sl & proper risk reward ratio. this is the only holy grail in the market.
SRF shorting Opportunity Scenario 1 If Stock opens (neutral or Upside) and moves up then wait for the strong resistance , once resistance confirmed then go for shorting. Scenario 2 If Stock opens bearish and started moving towards downside then wait for the stock to make lower high and lower low pattern and then enter when the stock makes retracement. SL - Above 2477
Resistance 2480/ 2580 / 2636 / 2856 RSI above 60 D / M / W support 2320 Moving averages above 200 need to cross resistance (chemical sector still laggered)
SRF have given clear breakout and re-test. expecting the level of 3000 in next few months.
srf 1w time frame buy @ 2170 target @ 2320, 2350, 2397 symentric triangle support risk reward 1.5 its just a view trade @ your own risk sl@2019
SRF is in consolidation after split and is showing indecision with good fundamentals . The stock can be followed with mentioned levels in the video as it has given brekout above the resitance channel
SRF looks strong on charts. Closed above Triangle on weekly time frame. Target would be 2800 in next 2-3 Months. Note: It is not at all the buying recommendation and this stock is in my portfolio and there is a high probability that my analysis is biased and could be possible my analysis will go wrong.
As per my analysis, SRF stock change as uptrend by triangular break out. Take postion after retest 2088 is my sl 3203 is my sure target.
Analysis is based on breakout of the box, if it fails then the view changes completely.
NSE:SRF Forming descending Triangle pattern Reversed from support level Volume is also good only for educational purpose
SRF LTD Key highlights: 💡⚡ 📊On 1Day Time Frame Stock Showing Reversal of Descending Triangle Pattern. 📊 It can give movement upto the Reversal target of Above 2405+. 📊There have chances of Breakout of Resistance level too. 📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2890+. 📊 Can Go Long in this stock by placing stop...
SRF going to touch its long term resistance at 2400 level after breakout of 2260 level & if cross 2400 it will blast and give massive return in mid to long term.. Keep an eye on 2260 -2280 levels for short term gain.
short SRF from current price 2260 Target 2160 Stop loss 2300 RS Note this is for educational purpose only.