SRF, READY TO FLY NOW. STEP, BREAKOUT & CONSOLIDATE (CHART# 335)

16 окт. 2020 г.

SRF has been moving in steps which is very evident from chart. It has given multiple step breakout (I posted SBICARD study which had same behavior).
Post its major breakout from Blue TL, it has been consolidating for 2 months which is good sign whenever breakout happens.
SRF based on its past behavior that I have observed, when it moves it gives minimum 4-5% move.

Above 4440-4450, it can fly one more time and it is on my watchlist.

Ideas published yesterday JSWENERGY & BHARTIARTL gave 9.5% & 4% move respectively.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.

Thanks
Piyush Gupta