TRF Technical View
- A short term triangle breakout seen above 390-400 mark.
- Multi month resistance at 450.
- Sustaining above that will be a long term breakout.
- Can call it a cup and handle or a rounding bottom.
- Will it be a fundamental turnaround in next few quarters or is the market betting on hope is tough to say.
#Disclosure - The stock has been recommended at 380-400 as a medium term pick in Technical Traders Club
Nooresh Merani
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