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Price and trend forecast of SRF for Tomorrow, Weekly, Monthly

SRF Limited

Symbol: NSE:SRF

ISIN: INE647A01010

2,399.90

As on 2024-06-13

2,040.00 (52W Low) 2,693.95 (52W High)

SRF's Today's Performance

SRF Limited started the day by opening at 2,384.00 today 2024-06-13. Its shares reached a high of 2,408.00 and dipped to a low of 2,372.25 in intraday. When the markets closed, SRF’s stock price settled at ₹2,399.90 per share. Also check out its key support and resistance levels.

SRF Buy/Sell Targets

Tomorrow, buy SRF when its price reaches ₹ 2,399.90 with a stop-loss order at ₹ 2,377.19. You can set the target price as ₹ 2,422.61 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of SRF for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for SRF

Downside Targets Value in ₹
Tomorrow Down Target 1 2,415
Tomorrow Down Target 2 2,429
Tomorrow Down Target 3 2,450

Important Levels for SRF

Holding Levels Value in ₹
Tomorrow Up Target 1 2,379
Tomorrow Up Target 2 2,358
Tomorrow Up Target 3 2,343
Based on where the stock opens tomorrow, if SRF opens on a positive note, our first target will be ₹2,415. If Target 1 is achieved, we will aim for Target 2 which is ₹2,429.

But if SRF falls below the average value of ₹2,393.38, you can enter a sell side position with target number 1 - ₹2,379 and second target - ₹2,358 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of SRF

Looking at SRF, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, SRF has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SRF is moderate bullish.

Tomorrow's Volume based share price Forecast for SRF

SRF's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -27%.

Reversal detection for SRF

Predicted trend chart of SRF tomorrow for price forecast
SRF may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹2353 in morning tomorrow
Target 1 tomorrow2407
Target 2 tomorrow2415
Target 3 tomorrow2429
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with SRF's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if SRF opens on a positive note, our first target will be ₹2,414.52. If Target 1 is achieved, we will aim for Target 2 which is ₹2,429.13.

But if SRF falls below the average value of ₹2,393.38, you can enter a sell side position with target number 1 - ₹2,378.77 and second target - ₹2,357.63

SRF's Weekly Targets
1st Up Target 2,440.07
2nd Up Target 2,480.23
1st Down Target 2,327.67
2nd Down Target 2,255.43

As the week for SRF ended on bullish sentiments, we can expect further continuation of this sentiment. SRF's initial target will be 2,440.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 2,327.67 in the upcoming week.

Weekly OHLC Values
Open 2,322.00
High 2,408.00
Low 2,295.60
Close 2,399.90

Week for SRF started with an open price of 2,322.00, and the close was at 2,399.90. SRF reached the highest of 2,408.00 and dipped lowest up to 2,295.60 last week. This indicates a bullish sentiment for the week.

SRF full month swing targets
Monthly Up Target 1 2,552.47
Monthly Up Target 2 2,592.63
Monthly Down Target 1 2,215.27
Monthly Down Target 2 2,030.63

Targets of ₹2,552.47 can be expected to be reached in the coming month. Once SRF achieved this target, we can aim for the next upside target of ₹2,592.63.

SRF if fails to hold upside, down targets of ₹2,215.27 and ₹2,030.63 can be achieved by end of this month.

For complete three weeks if SRF is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

SRF is expected to reach the target of 2,414.52 in tomorrow's trading session.

After achieving the initial target in SRF, we will aim for higher targets of 2,429.13 tomorrow.

However, if SRF starts to trade below ₹2,393.38, then we will shift our focus to the sell side and aim for down targets of 2,378.77 and 2,357.63.