SRF Ltd manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers
#smartmoney
played SRF so well that at every
resistance they trap the retail trader, on date 8/06/2023 they made inducement @
price of 2576 by inflating price from 2400 to 2567 . On 8/6/2023 once they touched order block #institution push SRF price to low of 2040, and made one
FVG and OB @ 2527-2467 in between that
fall of SRF price. Now once #FII drag price to their respected level of 2040 on
date 25/07/2023 they tap lower order block and after seeping the liquidity at
lower level they start inflating price to 2475 were that last order block and
FVG made during the previous fall. On date 8/09/2023 after making high of
2475.50 #FII drag price once again to their previous low. From above study we
find that price was made to trade in range of
2600 to 2050 and every low and high was made in period of 45 days from
each other.
Currently
SRF is trading @ 2455 as per planetary study of chemical sector it could remain
bullish till 2502 – 2601 . We will wait for price of SRF to trade till upper level
after that we will share our trade
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