SARDAEN trade ideas
One Right Trade's Swing Trade Idea #78 : Buy on SARDAENPlease do like and share the idea in case you find it good and follow it for further updates on it for benefit of everyone. Also, please comment if you have any feedback. This idea by one right trade is only for study purpose and is not a trading call.
Quick TradeTrade will be quick.
If you not front of screen then please don't take the trade.
Cash stock always have tendency to move and retrace withing very short time.
Trade for a week .
SARDA energy & Minerals - Study - Long above 210SARDA 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
Sarda EnergyAnother Pellet company which is looking good to reap the benefits of a sharp increase in prices...
Long position can be takenLong position can be taken here since we see breakout here so suggesting to long with SL 238 on weekly basis
sarda energy...one cant miss this bull rally. Today sarda energy closed at 257.95. Stock is in a perfect uptrend in both weekly and daily chart. Now i am particularly looking at RSI and as in uptrend rsi generally takes support around 50-60 zone. In this 4 hour chart once RSI came to take support on 30 sept 2016 and price was that time around 194. It took support and given bull rally and high given 296.60. Now today again RSI came to the zone of 50 and now accumulation is going in sarda energy at this level.
So here i am giving BUY call on sarda energy around 255-260 zone with a stop loss at 201. My target is 375-400 ( as monthly resistance) in 2-3 month. If sustain above 400 level with strong volume then 700 is on the card in a year.
