SARDA ENERGY
- Prices have decisively moved past its prior all time high of 1360.
- This means stock is likely to continue its up-trend and test at least the 161.8% FR level resistance at 1760.
- Monthly RSI is yet to touch the oversold zone, which means there is scope for more rally.
- Bullish view remains intact as long as price stays above 1200.
Note
Price is testing its first possible resistance at the 161.8% FR level! Can expect profit booking here!
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