Stock Name: SRF Limited (
SRF)
Trend: Bullish 🚀
Timeframe: Daily
Trade Setup
Entry Zone: ₹3,050 (Breakout confirmation)
Stop Loss: ₹2,890 (~5.2% risk)
Targets:
T1: ₹3,139
T2: ₹3,230.55
T3: ₹3,324.80
T4: ₹3,421.80
Final Target: ₹3,530.45
Technical Rationale
✅ Bullish Flag Breakout – Price broke out of a consolidation pattern, signaling continuation.
✅ 200 DEMA Support – Strong bounce from the 200-day Exponential Moving Average.
✅ RSI Strength – Daily & Weekly RSI >60 (bullish momentum intact).
✅ Volume Surge – Breakout volume (940K) was 3x+ the previous day (300K), confirming strong buying interest.
Risk Management
Strict SL – Exit if ₹2,890 is breached on daily closing basis.
Trail SL – After hitting T1/T2, move SL to breakeven or higher.
Partial Booking – Consider taking profits at each target.
Disclaimer
This post is for educational purposes only and not investment advice. Trading involves risks, including capital loss. Past performance doesn’t guarantee future results. Always conduct your own analysis or consult a financial advisor before trading. The author holds no liability for financial decisions made based on this content.
Thoughts? Are you watchingSRF for this breakout? Drop your views below! 👇
SRF)Trend: Bullish 🚀
Timeframe: Daily
Trade Setup
Entry Zone: ₹3,050 (Breakout confirmation)
Stop Loss: ₹2,890 (~5.2% risk)
Targets:
T1: ₹3,139
T2: ₹3,230.55
T3: ₹3,324.80
T4: ₹3,421.80
Final Target: ₹3,530.45
Technical Rationale
✅ Bullish Flag Breakout – Price broke out of a consolidation pattern, signaling continuation.
✅ 200 DEMA Support – Strong bounce from the 200-day Exponential Moving Average.
✅ RSI Strength – Daily & Weekly RSI >60 (bullish momentum intact).
✅ Volume Surge – Breakout volume (940K) was 3x+ the previous day (300K), confirming strong buying interest.
Risk Management
Strict SL – Exit if ₹2,890 is breached on daily closing basis.
Trail SL – After hitting T1/T2, move SL to breakeven or higher.
Partial Booking – Consider taking profits at each target.
Disclaimer
This post is for educational purposes only and not investment advice. Trading involves risks, including capital loss. Past performance doesn’t guarantee future results. Always conduct your own analysis or consult a financial advisor before trading. The author holds no liability for financial decisions made based on this content.
Thoughts? Are you watching
SRF for this breakout? Drop your views below! 👇Trade closed: stop reached
wxit stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.