Published on 16/09/2020 10:57:18 AM | Source: Motilal Oswal Financial Services Ltd

Buy SRF Ltd For Target Rs. 4550 - Motilal Oswal

Posted in Broking Firm Views - Short Term Report| #Textiles Sector #Trading Report #SRF Ltd #Motilal Oswal Financial Services Ltd

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Technical Trading Idea

* SRF retested the support of previous swing highs and started moving higher. It gave a Diamond pattern breakout on daily scale, which is a positive sign for the stock. RSI oscillator gave a Trendline breakout on daily chart, showing strength in the counter.

* Considering overall chart structure, we advise traders to buy the stock for an up move towards 4550 with stop-loss of 4220.


Buy SRF Ltd @ 2-3 Days CMP 4316 TGT 4550 SL 4220


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