SRF - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | SRF | Market Cap | 74,658 Cr. | Current Price | 2,519 ₹ | High / Low | 3,325 ₹ |
| Stock P/E | 41.5 | Book Value | 406 ₹ | Dividend Yield | 0.36 % | ROCE | 13.7 % |
| ROE | 11.5 % | Face Value | 10.0 ₹ | DMA 50 | 2,566 ₹ | DMA 200 | 2,762 ₹ |
| Chg in FII Hold | -0.81 % | Chg in DII Hold | 0.99 % | PAT Qtr | 528 Cr. | PAT Prev Qtr | 363 Cr. |
| RSI | 50.8 | MACD | -2.95 | Volume | 4,19,375 | Avg Vol 1Wk | 3,63,922 |
| Low price | 2,314 ₹ | High price | 3,325 ₹ | PEG Ratio | -7.43 | Debt to equity | 0.25 |
| 52w Index | 20.3 % | Qtr Profit Var | 88.5 % | EPS | 58.4 ₹ | Industry PE | 19.0 |
📊 Chart & Indicators: SRF is trading at ₹2,519, slightly below its 50 DMA (₹2,566) and well below 200 DMA (₹2,762), indicating medium-term weakness. RSI at 50.8 shows neutral momentum, while MACD at -2.95 signals mild bearishness. Price is consolidating between support (~₹2,480–₹2,500) and resistance (~₹2,560–₹2,580). Volume (4.19L) is slightly above weekly average (3.63L), suggesting active participation.
🎯 Entry/Exit Zones:
- Buy Zone: ₹2,480–₹2,520 (near support)
- Stop-Loss: ₹2,450
- Exit Levels: ₹2,560–₹2,580 (short-term resistance), ₹2,700–₹2,750 (major resistance near 200 DMA)
📈 Trend Status: Consolidating with neutral bias; RSI stable, MACD negative, and price below long-term averages. Short-term momentum is sideways with potential breakout if sustained above ₹2,580.
✅ Positive
- Quarterly PAT growth: ₹528 Cr vs ₹363 Cr (+88.5%)
- EPS strong at ₹58.4
- DII holdings increased (+0.99%)
- Low debt-to-equity ratio (0.25)
⚠️ Limitation
- Stock P/E 41.5 vs Industry PE 19.0 → expensive valuation
- PEG ratio -7.43 indicates poor growth-adjusted valuation
- Price below 200 DMA, weak long-term trend
- ROE (11.5%) and ROCE (13.7%) moderate compared to peers
📉 Company Negative News
- Correction from 52-week high (₹3,325 → ₹2,519)
- FII holdings reduced (-0.81%)
- MACD negative, showing weak momentum
📊 Company Positive News
- Strong quarterly profit growth (+88.5%)
- Healthy EPS and dividend yield (0.36%)
- Stable balance sheet with low leverage
🏦 Industry
- Industry PE at 19.0, significantly lower than SRF
- Chemical sector demand remains steady with export opportunities
- Global commodity price volatility impacting margins
📝 Conclusion
SRF is consolidating near support with neutral RSI and weak MACD, offering cautious swing trade opportunities. Strong fundamentals (PAT growth, EPS, low debt) support long-term potential, but valuations are stretched and price remains below 200 DMA. Best suited for short-term trades with strict stop-loss; investors should wait for breakout above ₹2,580–₹2,600 for confirmation of trend reversal.
Would you like me to also prepare a long-term fundamental rating (1–5) for SRF, so you can directly compare its technical setup with its investment potential?