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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 Jun 17 | 04:01 PM

1625.00  -7.5 (-0.46%)

NSE   22 Jun 17 | 03:46 PM

1625.45  -7.25 (-0.44%)

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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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Sensex

Company Price Gain (%)
Sun Pharma.Inds.538.702.03
St Bk of India294.551.50
H D F C1,650.351.41
Reliance Inds.1,433.151.06
Bajaj Auto2,850.001.02

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