Sandur Manganese & Iron Ores Ltd : Breakout

1 312
Sandur Manganese & Iron Ores Ltd is in consolidation since last one year. On Friday 3rd of Oct the stock moved up 15% with huge uptick in the volume.

The RSI reading above 70 also suggest there is momentum in the move.

Sector : Metal, outperforming to Nifty 50 benchmark

Looking at the price chart , the stock holds to the level of 175 can go up to 260 in short to medium term.

CMP : 194
SL 175
T1 : 260
Reward to Risk Ratio : 3

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