SRF Ltd showing bullishness after a long consolidation.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.
