Sarda Energy - Swing TradeNSE:SARDAEN today broke key levels with good levels, it again took support near the base where it is being accumulated and is trading in a Flat Channel which makes this a good swing to the upper edge of the Flat Channel if the Flat Channel is broken it can give a good Swing Up again so keep in watchlist and can buy again at lower level of the channel if retraced.
About:
Incorporated in 1973, NSE:SARDAEN is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power.
Trade Setup:
Good be a Good Typical Flat Channel Trade With RSI and MACD Trending Up with Good Volumes.
Target(Take Profit):
Short Swing towards 525 (ATH) and if Flat Channel is Broken Can Give Further Upswing.
Stop Loss:
Today's Candle Low i.e. 473 or Entry Candle Low if Trade Taken in Retracement.
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Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
