SRFNSE:SRF
Forming descending Triangle pattern
Reversed from support level
Volume is also good
only for educational purpose
SRF trade ideas
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
SRF_29.07.2023SRF shows a clearly indication of heavy support. Though fertilizer market are volatile and inadequate support from government grants. Looks positive for a rally to 2450. For educational purpose only.
srf intraday longopen should be withing the pdclose range, some consolidation and break will lead to the targer with good R:R
SRF Ltd.*SRF Ltd.*
P&F Formation on Yearly Basis.
Currently, Price Moving in Range. Flag Upper Priceline BreakOut to be Watched.
Strong Resistance @2431/2507/2670
Once Cross / Sustains. Then Good to Go!
Strong Vol. Consolidation/Continued BuiltUp. Sharp BreakOut to be Watched.
Trail SL with Upside.
Book Profit as per Risk Appetite
1970 Co., Mfgs. Industrial/Speciality Chemicals. A Multi- Business Co.
Announced capex of Rs.15K Crs: FY24-28 ~Rs.12K Crs: Chemicals. Rest ackaging films business.
Sales / Profit: Fluctuating slight on Qtrly basis. On Yrly Growing (but for FY23).
Growing TNW. Low Leverage. Satisfactory WC Cycle.
CF from Ops +ve. Double Digits RoE, RoA.
Stable Promoters Stake. Growing FII Stake.
Do Your Own Research as well.This is an Opinion
Happy Investing 😇
SRF_23.08.2023Strong Accumulation by big fund houses in progress. Nano Fertilizer is gonna turn the play of big players in market. Its now or never opportunity. Previous target intact. CONFIDENT W pattern formed.
srf 1w time frame buy@ 2295 target @ 2442, 2479, 2509, 2549.30 srf 1w time frame buy@ 2295
target @ 2442, 2479, 2509, 2549.30
risk reward 1.7
it just a view trade @ your own risk
sl@2142
SRF LONG Chart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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SRF LtdBUY / SIP ON DIP - GOOD FOR LONG TERM
STOP LOSS MENTIONED IN CHART
Market Cap
₹ 64,585 Cr.
Current Price
₹ 2,179
Stock P/E
33.8
Book Value
₹ 348
Dividend Yield
0.34 %
ROCE
22.4 %
ROE
22.8 %
Face Value
₹ 10.0
Promoter holding
50.5 %
EPS last year
₹ 73.0
EPS latest quarter
₹ 12.1
Debt
₹ 4,478 Cr.
Pledged percentage
0.00 %
Net CF
₹ 158 Cr.
Price to Cash Flow
22.3
Free Cash Flow
₹ 49.8 Cr.
Debt to equity
0.43
OPM last year
23.7 %
OPM 5Year
23.0 %
Reserves
₹ 10,030 Cr.
Price to book value
6.25
Int Coverage
11.4
PEG Ratio
0.93
SRF LTD target 2637.70The 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 Entry and re-entry. Wait to buy at 2100 and rest at 2000 lvlPlease do your own study before entering into it.
Wait to enter in SRF and re-enter at 2100 levels. As Nifty is bullish, seems profit booking at present level, which further creates pressure on SRF.
Patterns are positive for buy, but looing after above scenario, it seem a good entry at 2100 levels.
Ascending Triangle Breakdown @ 2455 Sell below 2415 tgt 2375 Ascending Triangle Breakdown @ 2455
Sell below 2415 tgt 2375-2350-2275-2225
SL 2525
RISK REWARD 1.67
SRF Bearish, Sell on Rise, Kindly do your own studyMonthly- Price is sideways
MACD NCO stat
Weekly-Price is below 50 EMA
MACD has given NCO and RSI is below 50
Daily-Price price is below 50 and 200 EMA and Dow theory has changed.
RSI is below 40 and ADX is at 25
EMAS NCO and Volume is good
Time to exit from SRF Weakly chart of SRF which follows trend line support and bounce back but Friday closing was below trend line
Getting Fuel up !Script is making Simple price action Higher High and higher low
that all we need Just wait for retracement and after getting confirmation just load up .
Stop loss should be 2390
Near term targets should be 2612 and then 2729 ,2812-2840
Price action wise looking good .
All the best.
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