Srf Limited

SRF Ltd showing bullishness after a long consolidation.

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SRF Ltd is trading above the trading range and there are chance of the stock travelling forming new highs.

The stock has been consolidating in a range for over 3 years and finally the stock has closed above the resistance zone on the daily time frame.

In today's session the stock has move more than 6% and in current week it move 10% (approz).

After consolidating in a 40% range for a long time, there are chance the stock can test 4600-4700 levels this year.

Target levels :- 4692
Stop Loss :- 2480

Entry can be made once the stock retest the break out zone (around 2750-70).

Wait and watch for price action near the zone and trade accordingly.

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