SRF trade ideas
SRFHello and welcome to this analysis
SRF in the daily time frame has activated a Bullish Harmonic 5-0 pattern
Short term upside targets 2475/2525 with 2335 as stop loss
Medium term upside target 3200 with 2300 as stop loss
In both short and medium term Risk Reward set up looks good.
Srf at make or break level Daily chart of SRF at a juncture where leads to all time high or break down long support to crash
SRFSRF Ltd (Nse) has an operating revenue of Rs. 13,628.98 Cr. on a trailing 12-month basis.
An annual revenue growth of 48% is outstanding, Pre-tax margin of 21% is great, ROE of 22% is exceptional.
The company has a reasonable debt to equity of 20%, which signals a healthy balance sheet.
Rest Notes in chart
SRF - trendline breakThe trendline for the entire move from around 2000 broke down today
Longs should exit. Shorts have a well defined SL at recent high
SRF looks toppySRF'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.
srf RSI divergencepositions can be made bcz of bullish divergence in RSI according to mentioned SL and target.
SRF - a long tradeRSI divergence is clearly visible on this chart, breakout above 2230 generated the buy signal but I missed it. Today I bought this in anticipation of breakout from falling trend line. Safe traders can buy this on a successful close above this trend line.
Stop loss for this trade is daily closing below 2135. First target will be 2460 where I will revisit chart structure.
SRF Short setup ideaSRF Short setup
If this parallel channel breakdown, it may fall up to 2000, 1800, 1600, and 1400.
CMP 2300
SRF MAY - 22 future Entry at 2510 Due to Fed rate hike , Indian market are sold out every day, thursday market gained 300 point and friday mkt lost 300 points.
and may will be more volatile.
I am posting my entry for SRF , at 2510 , the reason is insider candle at 12PM IST.
it is possible it may go down in second half , will hold till 2480 ...... Thi is my entry range 1 lot in futures and sold 2480PE 1 lot ... lets how mow much we make. of this trade. Basically my view is bullish.
SRF sustaining above 2680 , futures 1 lot @2700Learning simple chart reading , LOOKING AT CHART and volume SRf should move towards 2733 and above.
2680 resistance is broken and consolidating above 2680. though market is falling for last two days , SRF is closing around same position.
I have 1 Lot here , looking for first tgt of 2733 if sustains.. will hold and until it retraces back to 2733, SL is is on ly 10pts , 2690 or 2685,
--> my actual trace is short selling two lots 2600PE and 2550PE.
Srf Srf ready for big upmove 🚀💀
Buy above 2663
Sl 2645
Tgt 2680 2700 2780+
Moving out of supply zone
Buy srf for short to long termBuy srf for mentioned short and long term Target
buy as it gave breakout above it's previous high
Chart structure looking favourable.
SRFAB=CD harmonic pattern is forming in srf stock ,i have been plotted prz 1,2 level please go through it.
SRF SWING TRADEPrior uptrend, nice base formation, Stage 1 Breakout above 50DMA, Strong relative strength w r t Nifty, RR 2.25, we can add 1/3 here and rest on upward confirmation with wide range green candle. Only for educational. I am not any registered analyst.
Buy at 2318 SL 2260 TGT 2331 and 2355Based on my trendline analysis. Please do your analysis before taking any trade.
SRF - headed towards prev highsNice breakout above the horizontal line. Faster retracement of last fall. Headed to prev highs.
