SRF Looking Good Post Q3 Results Can Accumulate when retest.

30 Jan

SRF is showing strength with good Q3 Results and Future Outlook. It made a Gap-up post results and since then it has been attempting to break its long-time resistance which it has respected since Oct 2021 and can now break successfully. RSI is getting in the Overbought Zone and MACD is Positive.

F&O Activity:
Significant Long Build-up with 2700 CE showing a Significant decrease in OI.

Trade Setup:
Can Accumulate for Positional Trade once it retests to the mentioned different levels, I think it can fill the gap post results day so keep it in the watchlist and keep the last base mentioned as stop loss, for swing traders I think it will challenge it's long time resistance once so a swing is possible.

Target(Take Profit):
Upper Resistance Levels for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry.

Stop-Loss:
Entry Candle Low For Swing Trader and a Red Coloured Base for Positional Trader.

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Disclaimer: I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER.
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.

31 Jan

Dagangan aktif

Touched 2895 today

3 Feb

Dagangan ditutup secara manual

Gave a Swing to 2970 today.
Swing Traders can Book.
Positional can hold Trailing the SL.

4 Feb

Nota

Made a NEW ATH of 2980

6 Feb

Nota

Pullback to breakout levels