SRF Ltd is trading above the trading range and there are chance of the stock travelling forming new highs.
The stock has been consolidating in a range for over 3 years and finally the stock has closed above the resistance zone on the daily time frame.
In today's session the stock has move more than 6% and in current week it move 10% (approz).
After consolidating in a 40% range for a long time, there are chance the stock can test 4600-4700 levels this year.
Target levels :- 4692
Stop Loss :- 2480
Entry can be made once the stock retest the break out zone (around 2750-70).
Wait and watch for price action near the zone and trade accordingly.
The stock has been consolidating in a range for over 3 years and finally the stock has closed above the resistance zone on the daily time frame.
In today's session the stock has move more than 6% and in current week it move 10% (approz).
After consolidating in a 40% range for a long time, there are chance the stock can test 4600-4700 levels this year.
Target levels :- 4692
Stop Loss :- 2480
Entry can be made once the stock retest the break out zone (around 2750-70).
Wait and watch for price action near the zone and trade accordingly.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.