25 April, 2014 02:23 IST
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Source: rss (25-Apr-14)
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''Traders can buy SRF on dips to Rs 211 for a target of Rs 240 with a strict stop loss placed below Rs 200 from perspective of 4-5 weeks,'' said Rahul Randeria, technical analyst, IDBI Capital.

"Yesterday, SRF has formed an engulfing bullish candle on the daily charts. The stock is hovering in a rectangular channel. However, momentum averages are turning positive from the oversold region. On the oscillator's front; RSI & MACD are placed with positive signals on the daily charts,'' said Randeria.

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