breakout above ascending triangle in monthly charts 📈 This stock is breaking out after 4 years of consolidation. Recent results were amazing. Over 4 years stock continue to grow earnings, while price stagnated as PE came down from 70x to 30x now. Here comes the lifetime breakout.
On weekly basis the srf is on way for breakout lets wait and watch if it get success ??
Trading near it Crucial Support, with Historical PE of 65%, looks attractive for long term, of swing trading. with year on year revenue increase.
Is think from here the nifty can reverse little bit and be side ways till the budget, before a good move either side.