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.
we are looking SRF bullish move. Disclaimer: Kind regards to all friends and members , 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...
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
SRF have given clear breakout and re-test. expecting the level of 3000 in next few months.
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
Analysis is based on breakout of the box, if it fails then the view changes completely.
Chemical sector has lately showed some good reversal signs. SRF is one stock which you can keep on your watchlist from chemical sector. Pin bar candle in weekly TF near support might be a signal of start of uptrend in the stock. Minimum target can be 2400. SL is below low of pin bar candle or below 2100 WCB. IDEA IS SHARED ONLY FOR EDUCATIONAL PURPOSES
The company is second largest company in chemical sector in Bharat. It trades between a range of 2155 and 2637 and has completed the range 4 time in past 1 and a half years. It will again touch th same level of 2637.7 because of increasing profits and increasing CWIP.
SRF Sell for intraday trading if stock break the given support level........
SRF Buy for intraday trading if stock break the given resistence level.........
SRF is making triangle pattern in downside There is strong support zone at 2000 level
SRF CMP 2327 SL 2240 below Target 2400, 2600++ Swing/Positional.
SRF's monthly chart shows: Bearish RSI divergence Impending 5-, 10-month MA bear cross, nearly confirmed MACD teasing a bearish flip. The setup looks ideal for short trade for target of 2100-1800 with a tight stop above 2500. The CMP is 2456.
Go Long Pefectly following Trend Line #banknifty #nifty #chaiwithanoop #srf #sensex #bse #nse