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

Religare Securities/Mumbai 18 Apr 17 | 08:07 AM
Related to : SRF Ltd
 SRF Ltd
tradenow

BSE   22 Sep 17 | 12:00 AM

1540.10  -63.35 (-3.95%)

NSE   22 Sep 17 | 12:00 AM

1537.15  -64.05 (-4%)

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Trading ideas from Religare Securities:

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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/

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