SARDAEN - Breakout Watchlist
Why This Stock?
✅ Base Breakout – Breaking above ₹526.2 with strong volume confirmation (4-5x past trading sessions).
✅ Trading Above Key DMAs – Strong price structure with good RSI.
✅ No Left-Side Resistance – Clean chart structure with potential for an uptrend.
✅ Formation of W Pattern + VCP – Classic bullish continuation setup.
✅ Resisted Market Fall – Showcasing relative strength despite overall weakness.
Safe traders wait for a weekly close above the break-out level ₹526.2.
Key Levels
📌 Entry: ₹538.50
📌 SL (Closing Basis): ₹423.10
📌 Breakout Level: ₹526.2
Fundamentals (Key Metrics)
Market Cap: ₹18,979 Cr.
Stock P/E: 27.9
ROCE: 15.3%
ROE: 14.1%
Sales Growth (YoY): Improving
OPM % YoY Improving
EPS YoY: Improving.
What Could Go Wrong?
⚠️ Overall Market Trend is Bearish – Any weakness in broader indices can drag the stock down.
⚠️ Sectoral Index is Weak – Lack of sectoral strength may limit upside potential.
⚠️ High SL Probability – Strong pullbacks can invalidate the breakout; hence, buy test quantities only.
⚠️ Deep SL
Why This is Worth Watching?
📈 Stocks that Fell Less in Correction – Often become early movers when the market stabilizes.
📈 Volume Picking Up – A good sign that institutional interest might be present.
🚨 Disclaimer: This is not a trade recommendation but a watchlist alert. Do your own research before making any trading decisions. 🚨
✅ Base Breakout – Breaking above ₹526.2 with strong volume confirmation (4-5x past trading sessions).
✅ Trading Above Key DMAs – Strong price structure with good RSI.
✅ No Left-Side Resistance – Clean chart structure with potential for an uptrend.
✅ Formation of W Pattern + VCP – Classic bullish continuation setup.
✅ Resisted Market Fall – Showcasing relative strength despite overall weakness.
Safe traders wait for a weekly close above the break-out level ₹526.2.
Key Levels
📌 Entry: ₹538.50
📌 SL (Closing Basis): ₹423.10
📌 Breakout Level: ₹526.2
Fundamentals (Key Metrics)
Market Cap: ₹18,979 Cr.
Stock P/E: 27.9
ROCE: 15.3%
ROE: 14.1%
Sales Growth (YoY): Improving
OPM % YoY Improving
EPS YoY: Improving.
What Could Go Wrong?
⚠️ Overall Market Trend is Bearish – Any weakness in broader indices can drag the stock down.
⚠️ Sectoral Index is Weak – Lack of sectoral strength may limit upside potential.
⚠️ High SL Probability – Strong pullbacks can invalidate the breakout; hence, buy test quantities only.
⚠️ Deep SL
Why This is Worth Watching?
📈 Stocks that Fell Less in Correction – Often become early movers when the market stabilizes.
📈 Volume Picking Up – A good sign that institutional interest might be present.
🚨 Disclaimer: This is not a trade recommendation but a watchlist alert. Do your own research before making any trading decisions. 🚨
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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.
Related publications
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.