BUY SRF ABOVE 1700 TGT 1750/1800 SL 1620
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After showing correction from the higher level, now SRF is trading in a short-term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1700 as the stock is managing to sustain above the level of 1700. Primary trend of the SRF is bullish and or after giving breakout of its range-bound movement, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1700 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 52, one may expect the targets of 1750/1800 in the stock if it manages to sustain above the immediate support level of 1620.
DAILY CHART FOR SRF
I have 2 lot of SBIN 370 CALL @ 4.50 , It will come to my target 5.50 .
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