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Buy SRF for the target of 1,840, says Religare Securities

Traders should accumulate SRF in the range of 1,695-1,705 with a closing stop loss of 1,635

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Religare Securities Mumbai

Last Updated : Apr 18 2017 | 8:39 AM IST

Trading ideas from Religare Securities:

SRF Limited

Rec: BUY

Last Close: Rs 1,704.50

Initiation range: Rs 1695-1705

Target: Rs 1,840

Stop loss: Rs 1,635

SRF, after six months of consolidation, has witnessed breakout from a triangle pattern (which act as continuation pattern) and looks all set for a fresh surge ahead. Traders should accumulate in the range of 1,695-1,705 with a closing stop loss of 1,635 for the target of 1,840.

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