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

Traders should accumulate SRF in the range of 1,695-1,705 with a closing stop loss of 1,635

Trading ideas from Religare Securities:
 
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.
 
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