Ascending contractions are rare, especially in the Mid-Large space. These are signs of institutional accumulation. Once they break out, they have a quick burst on the upside.
SRF has had a great year so far, breakout of long term base, not giving away any gains despite the news flow. Poised for more upside
SRF has had a great year so far, breakout of long term base, not giving away any gains despite the news flow. Poised for more upside
Note
Routine movement in a large cap name, slowly but steadily inching up. If this market starts moving up, we can expect some meaningful movement to come in. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.