SRF - will its tested consolidation bear fruit?
Price is contained around 2000-2500 range for more than 3 years now. It could have broken out earlier but the financials are not favourable for that to happen.
Despite the negative quarters for SRF price is still holding its range — this hints that: market is waiting for positive news and any little positive can bring rush in price movement!
Since Management is expecting a recovery in 4QFY24 — if it happens I can visualise the price action as shown in the chart.
Despite the negative quarters for SRF price is still holding its range — this hints that: market is waiting for positive news and any little positive can bring rush in price movement!
Since Management is expecting a recovery in 4QFY24 — if it happens I can visualise the price action as shown in the chart.
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