SKF Great Bullish PotentialSKF has been showing continous Bullish RSI trend in the daily chart. And fundamentals also exhibit strength, with the company being debt free, Good cashflow, Positive earnings and Rising EPS.
It has a very strong support zone in 3900-4200 price range, where big institutional and responsive buyers are present.
Big volume on chart indicate entry of initiative buyers after the price testes lows for some time and was effectively bought by responsive buyers.
RSI Profile shows - A Clear bullish trend.
We expect the price to continue rising in the coming weeks with the following targets
Targets :-
1) 5157
2) 5770
3) 6420
4)7520
