Sarda Energy & Minerals has an operating revenue of Rs. 2,198.82 Cr. on a trailing 12-month basis. Annual revenue growth of 18% is outstanding, Pre-tax margin of 23% is great, ROE of 16% is good. The company has a debt to equity of 67%, which is a bit higher.
new 5 year high
volume support seen
close near day's high showing bullish sentiments at close
stay long till rsi daily close below 55
levels to watch at down side - 648 / 528
disclaimer - trade @ own risk
SARDA is trading near its tight support of 205 levels, glided through ascending trendline with huge volumes.
Look for long positions above 210 for the below target.
T1 : 236
T2 : 296
T3 : 382
Stop : 185
