In the previous session, the Nifty index saw a gap up opening. The index got stronger as the day progressed and closed with a net gain of 119 points. The Nifty formed a strong bullish candle on the daily chart. Hence, we recommend approaching the markets in a positive way. Use a trailing Stop loss method to protect your profit at higher levels.

Look at the below research report of ‘Stocks to Buy for Wednesday, March 22,2023’ before the market opens.

SRF Ltd

On the technical front, the stock has delivered a horizontal trendline breakout in today’s session as it surged 2%/.A strong bullish candle appeared on the chart. The momentum indicator Relative Strength Index RSI (14) has also sustained above 60, indicating bullish strength.

In short, SRF Ltd. chart looks attractive, one can initiate buy at current levels and add more on dips around break out levels near 2330 levels On the above chart, we have applied Fibonacci projection, which is used to determine the price action, support and resistance levels. We can expect it to reach a target of 2440 levels . On downside stop loss can be placed below 2263 levels.

Check More Analysis on SRF LTD at: SRF Ltd