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srf ltd: Stock Radar: SRF breaks above downward sloping trendline on weekly charts; time to buy?

SRF Ltd broke above downward sloping trendline resistance, hitting a record high in September 2022. In terms of price action, the stock found support above 2000 levels before rising over 4% in a week. The stock is now trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts. Short-term traders are advised to buy for a 2900 target.
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