Buy SRF FOR 1 YEAR , AND 2X YOUR CAPITAL , SRF IS ready for rocket , invest now and hold for 1 year ,
buy in Cash 2250 range and No stop loss required.
Capex already done , waiting for good quarter results.
SRF trade ideas
SRF Good to rally up if holds above 2355 on daily chartNSE:SRF has broken out of a downtrend with strong buying momentum. The breakout indicates a potential upward move.
- The price has decisively crossed the trendline, confirming bullish sentiment.
- Increasing volume on the breakout confirms participation by buyers.
Entry Point: Around 2,325 INR (current level or on slight pullback).
Stop-Loss: 2,220 INR (below recent swing low).
Targets:
Target 1: 2,500 INR.
Target 2: 2,625 INR.
Monitor the price action closely for sustained momentum above the breakout zone.
🔴 Disclaimer - Not a Buy/Sell Recommendation.
TrendX Institute of Technical Analysis
(A Unit of Candlestick Institute OPC Pvt Ltd.)
GSTIN NO. - 07AALCC8499B1ZA
SRFDisclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
Range Based tradeSl- 2250, target- 2250, SRF is a chemical stock and speciality chemical sector appears to book in 2025
SRF S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Bearish Rising Wedge on SRF LtdThe 1-hour chart for SRF Ltd (NSE) indicates a bearish rising wedge pattern. The price is moving within an upward sloping channel, suggesting a potential reversal to the downside.
Current Price: 2,351.45 INR
Resistance Level: 2,419.30 INR
Support Level: 2,292.30 INR
The pattern suggests a weakening bullish momentum. A break below the support level of 2,292.30 INR could trigger a bearish move.
SRF | 60% returns | 3 Year BreakoutSRF
Monthly time frame
Stock has been moving along the upward white dotted parallel channel since 2014
Stock riding above 20-, 50- & 200-month moving averages
Stock is consolidating along 20-month moving average for 2 years
RSI > 55, indicating build-up of bullish momentum
MACD crossover approaching and is above the 0 line, indicating bullish momentum
Weekly time frame
Stock has been consolidating within the dotted yellow parallel channel for last 3 years
Stock is trading near the yellow resistance trend line & near the white trend line of the upward channel indicating a potential for double trendline breakout
Stock riding above 20-, 50- & 200-week moving averages
Stock has recently tested 200 WMA and bounced back
RSI > 60, indicating bullish momentum
MACD extending the crossover & above the 0 line, indicating bullish momentum
Daily time frame
Stock seems to be making ascending triangle formation, with range compression
Stock riding above 20-, 50- & 200-day moving averages
RSI > 60, indicating bullish momentum
MACD is above the 0 line, indicating solid momentum
Conclusion
Entry: 2,650
Stop Loss: 2,400
Target 1: 3,050
Target 2: 3,650
Target 3: 4,250
Fundamentals
ROCE = 13% {Ideal > 15}
ROE = 12% {Ideal > 15}
Int Coverage = 5.6 {Ideal > 2}
Debt to equity = 0.44 {Ideal value < 1}
CF Operations / EBIT = 1.11 (Ideal > 1)
Promoter stake has remained consistent over the years > 50%
DII participation has doubled in the last 2 years
SRF can Surf upwards after consolidation. SRF Ltd. engages in the manufacturing of chemical-based industrial intermediates. It operates through the following segments: Technical Textiles Business, Chemicals Business, Packaging Film Business etc. The Chemicals Business segment comprises of refrigerant gases, industrial chemicals, specialty chemicals, fluoro chemicals & allied products and its research and development.
SRF Ltd. CMP is 2529.15. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter and Book Value per share Improving for last 2 years. The Negative aspects of the company are High Valuation (P.E. = 61), De-growth in Revenue and Profit, Inefficient use of capital to generate profits and Inefficient use of shareholder funds.
Entry can be taken after closing above 2529 Targets in the stock will be 2579, 2656 and 2693. The long-term target in the stock will be 2756 and 2855. Stop loss in the stock should be maintained at Closing below 2427 or 2285 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
SRF - range breakout After a long consolidation - srf looks good for range breakout to make new ATH.
Wait for Breakout...NSE:SRF trade at 2560 level. support is @ 2000 Resistance is @ 2800
Stock trade in 800 points range since last 3 years. You can watch it next resistance after breakout at 3200-3300.
#srf weekly chartlong time consolidation is going on this scrip for the last couple of yrs and several times it has touched the support and resistance boundary and respected it perfectly. Now it seems it is ready for break out from its zone, picture perfect rectangle. good for long if it gives opportunity at lower levels.
SRF limited Long ConsolidationSRF limited Long Consolidation Stock
Last 3 year range
Any Time breckout
SRF getting ready for blastSRF ready for blast to one sided movement once breaks out of hourly BB and momentum.
SRF/SWING TRADE # PRICE LOOKING BACK TO PREVIOUS TREND
#PRICE TRADING IN A PATTERN
# TAKING SUPPORT FROM MA 21 MA 50 EMA 21
#SL 2370
ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
SRF : The Fundamentals are changing? 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.
If you'd like to request an analysis, simply send us 100 coins as a token, and we'll be happy to post one for you.
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
SRF- Chart AnalysisIncorporated in 1970, SRF Ltd manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers
You can see SRF in trading in nice range in weekly timeframe.
Sales is in very good uptrend since long time, only last years sales was just below its previous year.
Important point is company is consistently expanding its capex.
So looks if price breakout from from the range on upper side and that is supported by growth in in revenue.
Then this could be very good opportunity of investment.
SRF ( DOUBLE BOTTOM PATTERN IN DAILY TIME FRAME )SRF had a double bottom pattern in daily time frame. As per my analysis a sharp rally can be noticed in coming days.
SRF. Consolidation or Breadown?Weekly Demand Zone setting up a nice "Bear Trap"
SRF has been consolidation mode for days to weeks. The break below the trend line may trap retail traders
buy at zoneexpecting reversal in zone , if candle closed below zone . no entry , pattern becomes invalid.
🔥 15% - 30% Upside Potential | SRF| Rising Wedge Patter🔥 15% - 30% Upside Potential | NSE:SRF
| Rising Wedge Pattern | Midterm Investment Idea
✅ Buy Level - Rs 2560 - 2570
✅ SL - Rs 2482
✅ Target - Rs 2645/2689
✅ Rissing Wedge Pattern on 1 day time-frame
✅ Double Bottom
✅ RSI moving upwards of 60
Trade :-
✅ Buy Future Rs Rs 2560 - 2570
✅ Buy Equity
Look at the chart for more information
Do share your thoughts on the analysis. Lets decode the charts together.
SRF : For 6 -9 month swing trade 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 : strong long candidatethe chemical major is trading with strength and is now near levels last visited in month of feb in year 2022 ie almost after two years its at same juncture
possibility of breakout on higher side is high and with that into consideration , its a good long candidate for 3000 target zone with 2500 as stop loss
