WEEKLY STOCK CALL FOR 13 NOV - 17 NOV

BUY SRF ABOVE 1750 TGT 1800/1850 SL 1690

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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 1750 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 1750 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 68, one may expect the targets of 1800/1850 in the stock if it manages to sustain above the immediate support level of 1690.

DAILY CHART FOR SRF