SRF : Someone buying ? #SRF
Weekly Time frame
Flag pattern
Accumulation going on. Some thing BIG can possible on this stock. Share your view?
SRF trade ideas
SRF - will its tested consolidation bear fruit?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 is expecting a recovery in 4QFY24 — if it happens I can visualise the price action as shown in the chart.
SRFOn 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.
SRF Bearish 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.
SRFSRF 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.
HammerDaily Chart Hammer Candle is forming.
SL : 2249
Target : OPEN
Risk is yours and Reward is too yours totally.
Time Frame : 15 days max
SRF Long PositionalBuy 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
SRF ( HAMMER CANDLE ON WEEKLY TIME FRAME)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.
In & Out - Swing Trade 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
SRF Range Break 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 Long opportunitySRF 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 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
Buy SRF 2412 avg @ 1880 sl below 1700 TGT 3720/4340/5650SRF 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 Bullish StructureSRF 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.
SRF stock change as uptrend this time??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.
SRF bullish view Analysis is based on breakout of the box, if it fails then the view changes completely.
SRFNSE:SRF
Forming descending Triangle pattern
Reversed from support level
Volume is also good
only for educational purpose
Descending Triangle Pattern Reversal in SRFSRF 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 loss below 1930- or last swing Low.
SRF 2400 levels in short term>>>Hold tightlySRF 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 short SRF from current price 2260
Target 2160
Stop loss 2300 RS
Note this is for educational purpose only.
SRF ready for Downtrend For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
SRF bouncing from crucial support!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
