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SRF LTDSRF LTDSRF LTD

SRF LTD

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SRF trade ideas

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.
NSE:SRF
by bnm007
1
SRF - Long ideaBusiness line - Fluorochemicals, Specialty Chemicals, Packaging Films, Technical Textiles and Coated and Laminated Fabrics. Chemicals Business generates about 43% of revenues. 2 components of Chemical business = Fluorochemicals & Speciality Chemicals Packaging Films Business generates around 40% of revenues. Technical Textiles Business generates around 14% of revenues. Coated and Laminated Fabrics generates around 3% of revenues. Presence in 90+ countries across the world.` Market cap of 64,967 Cr *** The demand for specialty chemicals is expected to rise at a 12% CAGR by FY 22 *** Fluorochemicals Market size expected to reach 70 bn by FY 24 SRF has it major revenues being generated from the above mentioned industries, which are poised for a good growth. The stock looks to completely move out of its support area and has shown strength in buying. Expected good returns on a long term perspective. Immediate Target price - 2538
NSE:SRFLong
by ruelfernandes