SRF offers tactical buy opportunity at oversold extremes with Williams %R -99.6/ STOCHRSI 0 signaling exhaustion bounce from S2 ₹3,043 support (50-SMA ₹3,060 confluence). MACD -32.79 contracting bearish momentum, all MAs aligned bearish but ADX 44 strong trend setup for reversal. Entry ₹3,050-3,060 targeting R1 ₹3,070/R2 ₹3,082 SL S3 ₹3,031 (1% risk) for quick 1-2% relief ahead chemical demand recovery.Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.