SRF trade ideas
SRF, BreakoutSometimes a breakout stock can fail. None can know what happens behind the curtain. This makes a technical analyst humble in approach and attitude. After all Lakshmi is the Goddess and a Goddess is supremely powerful. Even gods are slaved easily by Goddess Lakshmi.
Price is taking support at 200 DMA. This level of price will decide the long term trend of the stock.
Premium TradeIn this special category here is the long trade recommendation of SRF. Buy very close to 2196-2203 level (bulls are trying to protect this level by selling Puts 2200 heavily). SL: as per capacity, maximum 2185. Target: 2375+. Timeframe-5 to 6 sessions or a little more. Very good risk reward ratio, provided market remains favourable. Logic: Breakout stock, strong uptrend and price corrected from life highs due to profit booking. All the best.
#SRF CASH : LOOKS GOOD ABOVE 2082#SRF CASH
(13 APRIL 2018)
LOOKS GOOD ABOVE 2082 SL 2062 TGT 2098-2100/2118
CMP 2070
PINBAR formation at long time RESISTANCE LEVEL in SRFPINBAR formation at long time RESISTANCE LEVEL in SRF
BUY SRF CMP 1765 TARGET 2000, 2150 1 month time SL 1700BUY SRF CMP 1765 TARGET 2000, 2150
1 month time SL 1700
BUYDAILY FINANCIAL WISDOM: Just as in trading "A sailor can't control the wind, but he can adjust the sails..."
