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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.
Disclaimer: http://www.religareonline.com/research/Disclaimer/
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.
Disclaimer: http://www.religareonline.com/research/Disclaimer/
