SRF - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here's a detailed technical analysis of SRF Ltd. based on the provided data and recent market insights

📊 Trend Analysis

Current Trend: SRF is in a consolidation phase. Price action is range-bound between ₹2,900–₹3,000, with no strong breakout or breakdown.

Momentum: Neutral to slightly bearish. MACD is negative (-3.99), and RSI is at 49.2 — indicating lack of strong momentum either way.

📈 Moving Averages

50 DMA: ₹2,969

200 DMA: ₹2,864

Interpretation: Price is slightly below the 50 DMA and above the 200 DMA — suggesting medium-term support but short-term weakness. A crossover below 50 DMA may signal further downside.

📉 MACD & RSI

MACD: Negative and declining, indicating bearish momentum.

RSI: At 49.2, hovering near neutral. No overbought/oversold signal.

Conclusion: Momentum indicators suggest caution. No strong buy/sell signal yet.

📊 Volume Trends

Current Volume: 4.56 lakh

1-Week Avg Volume: 3.14 lakh

Interpretation: Volume spike suggests accumulation or distribution. Watch for breakout confirmation.

📉 Bollinger Bands

Price is near the lower band, indicating potential support zone and possible bounce — but confirmation needed.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,900 Near current price, short-term base

Support 2 2,865 200 DMA, strong medium-term support

Resistance 1 3,000 Psychological and recent ceiling

Resistance 2 3,100–3,150 Next breakout zone if momentum builds

🎯 Entry & Exit Zones

Optimal Entry: ₹2,865–₹2,900 (if price holds above 200 DMA with volume confirmation)

Exit Zone: ₹3,100–₹3,150 (short-term target if breakout occurs)

🔍 Summary

Trend: Consolidating

Momentum: Weak to neutral

Bias: Watch for bounce from support or breakdown below 200 DMA

Short-Term Strategy: Wait for MACD crossover or RSI > 55 for bullish confirmation. Avoid aggressive entries until trend confirms.

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