SRF

Technical Overview (Monthly)

Strong Buy across all indicators — Monthly moving averages & oscillators unanimously point to bullish momentum . Breakout confirmed after extended consolidation (₹2,000–₹2,865) from Sep 2021–Mar 2025; now retested and holding above past highs . Momentum indicators: RSI ~64 (buy), MACD/MAs all bullish . Rationale: Breakout from long base indicates fresh uptrend. Risk Factors Sectoral Volatility: Any slowdown in specialty chemicals or fluorochemicals demand may weigh. External Macro Shocks: Global chemical pricing or input cost shifts could impact margins. Technical Failure: Sustaining above breakout zone is crucial; a monthly close below ₹3,050 negates the setup. 📄 Disclosure I, CA Atin Agrawal, don’t hold SRF shares as of this report. This is not personalized investment advice but a technical-market view per SEBI guidelines. Investors should assess suitability based on risk appetite.