Sarda Energy - Breakout Trade
Iron Ore prices have bene rising again and Sarda could benefit from being a pellet play. The promoter has come out in Dec in a TV interview saying its a decent quarter.
The stock has come off its highs..bounced off a key Fibo level and could now breakout of the descending triangle.
Long above 815 with a SL below 780. Volumes seem to be picking up as well.
The stock has come off its highs..bounced off a key Fibo level and could now breakout of the descending triangle.
Long above 815 with a SL below 780. Volumes seem to be picking up as well.
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