rdkriplani

Sarda Energy - Breakout Trade

NSE:SARDAEN   SARDA ENERGY & MIN
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.

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.