Sarda Energy could advance if it revisits the 4-hour bulls order block and retracement level. Should it rebound from the 4-hour bulls order block, we may view it as a chance to consider buying.
A growth oriented company having coal & iron ore mines and ferro alloys mfg. plant focused on value added products like sponge iron, steel billets, wire rod and h.b. wire and thermal & hydro power generation plants..
Increasing its mining capacities in both coal and iron ore
Increasing its wire rod & hb wire capacities
Increasing its power generation...
## Trade Details
- Name of The Stock : **Sarda Energy & Minerals Ltd.**
- Type of Trade : Momentum Investment or Positional Trade
- Duration : More than 60 days
- Entry Level : Between 1600.00 to 1700.00
- Stop Loss : Initial 1425.00 (Trail accordingly)
- Target : above 2500.00
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## Chart Details
- Stock has started new rally
- Accumulation started from 1200...
1st Target 1700..parallel channel breakout
2nd Target 1813...triangle breakout (vcp maybe as well?)
Stop Loss 1360 ... price closing below previous high
Triggers:
1. Share split from 10FV to 1FV leading to better liquidity of company shares.
2. Full impact of commissioning of Hydropower project Sikkim from Q1.
3. Successful Bidder of SKS Thermal Power Chattisgarh...
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.
NSE:SARDAEN has given a breakout of Symmetrical Triangle. Long trades can only be taken after closing of candle above the downward sloping upper bound. 75% of times there is a chance of retest after the breakout. The strict stop loss should be followed.
Sarda Energy monthly chart shows us that as long as price is trading above the rising resistance red trendline it may continue to trend up. Twice before evening star candles were formed and prices corrected thereafter... this time price broke above this trendline and closed.. Fibonacci levels points to next target as 1522..price closing below the rising red...
DON'T HAVE TIME TO MANAGE YOUR TRADES? |
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are...
Sarda Energy Cmp 1078 dated 11.3.2022
1. Flag Pattern on Weekly chart.
2. Channel BO on Daily Chart.
3. Volume surge
4. Cup & Handle Pattern On chart & RSI.
Buy for a tgt of 1325 SL 990
It is just a view, pls trade at your own risk.
NSE:SARDAEN
Cmp : 1106
Good Volume
Try on pullback near 1067
#Study, Learn & Earn.
Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
After some solid consolidation within the above marked range, metal and energy stocks are showing solid progress. Worth buying above 1000. Weekly closing above 1000 will be a really good support level. Volume is strong. one more session to go in the week. Not a reco. Just an observation
Watch above 830
Upside 892/930
Downside 786
Details explained on chart.
Simple analysis for learning and growing.
chart and levels only for education purpose.
Should be on watch list and execution.
