Divergence in SRF - BUY

Here I come with a recco after a gap of 2 years.

Its always easy to put out a BUY decision , particularly when there are a lot of anxious investors eager to listen to free advices given by "so call self-advertised half nut" experts like me  :-) 

Here is one stock worth taking a look based on technicals.

Name : SRF Ltd.

Date : 02.Jul.2012

Current market price: 207.95

DAILY :

Notice the divergence  in price and volume ?




Weekly Charts : 


      Have not signalled a BUY yet, but, I see a white candle that has risen much above the dark candle and it is a sign of bullishness.Perhaps , the dark days are over and good things shall reflect in the price in the days to come.

I favour an exit level at 8% from current position. Hence, my profit levels would be around 225.

Stop Loss : 198

The usual disclaimers :


I do not claim to be an expert chartist , nor am I adept in technical analysis.
Do NOT consider this to be an investment advice.






Investment in stock markets is risky. There is a risk of loss of capital.
























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