SARDA ENERGY MINERALS LTD.

Hello Guys, 

Posting after a Long Time. Enjoying rally in Market, Hope you guys also enjoyed the move !! 

Our WhatsApp and Telegram Members are Enjoying Consistent Profit.

Today's Stock : SARDA ENERGY MINERALS LTD.

As usual I will be Analyzing the stock with the help of charts only, Lets' See how the stock is moving on Longer term charts

Weekly Chart for Study, 

Chart Posted above is a Weekly Chart, The Stock is forming a classic Cup & Handle Pattern with Neckline around 275 level. While Forming the Cup & Handle Pattern, Stock is moving in a Consolidation for a long period in the Handle area. and now trying to breakout, The Breakout is simultaneously seen on a Falling Trendline. The Strong Resistance zone is seen around 275-277 area. Once the stock crosses 275-277 area and sustains above the neckline. We might see big moves in the stock. The Stock will gain momentum and the targets for the breakout will be 310 - 340 - 400 - 460

Obviously, The stock will not move one sided to the targets specified. The timeframe for the required targets will be approx 6-8 months.

Trade with Caution and follow proper Risk Management. 

Always remember all the Targets and levels mentioned here are purely based on Technical Analysis and I have rights to be wrong in my readings. I am a SEBI Certified Investment Adviser but not registered with SEBI, due to my work in International Markets. Follow the levels strictly and trade accordingly. 

Recommendation :

SARDA ENERGY MINERALS LTD.

Buy Range : 277-280
Stoploss : 260
Targets : 310 - 340 - 400 - 460 

Risk : 20 Rs.
Reward : 180 Rs. till Final Target. 

The Stock may or May not be in my Personal Portfolio, but might be recommended to my clients. No Conflict of Interest in any case, Professional Advice. 

#sardaenergy, #sarda, #nse, #bse, #trading, #investing, #stocks,