SANDUMA trade ideas
Breakout in SANDUMA Breakout in SANDUMA . Good to go long after confirmation on retest in zone marked
THIS MINERAL STOCK IS CAPABLE OF GIVING 10%.Expecting it to respect the trend line and give the targets accordingly, however I still expect 10%.
Sandur Mangnes: interesting formation Sandur Mangnes: Monthly chart, quite a choppy chart but caught my interest at formation near to channel top in current times, at it's channel top resistance. Let's see with overall metal sector positive sentiment will it break it's channel this time.
SANDUMA-SANDUR MANGANESE & IRON ORES LTDBreakout after couple of years
I'm not SEBI registered.
Don't invest before consult your financial advisor.
Sandur Manganese - ATH breakoutA stock from the hot metal sector (iron ore and alloys). A strong promoter and now capex coming online. (
The stock could be set for the next set of growth and hence rerating.
13 year breakout where the stock is making new all time highs.
Along at CMP 1620 (50% quantity) and if it falls again around 1550. If the stock doesnt revisit 1550 then above ATH.
SL below 1500.
Sandur Manganese - 13yr Cup and Handle BreakoutProfit booking has started in the metal sector. This will likely retrace/test the breakout area.
Post the test, look for a bullish pattern on a lower time frame and go long.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
SANDUMANote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Shining ManganeseSandur manganese is a BSE only listed, manganese ore company which is essential raw material for steel products.
The weekly chart shows almost near break out levels on price action as well as inverse Head n Shoulders pattern can be seen clearly over a longer period.
A near term target of 1400-1450 and a longer term target of 2000++ can be kept in mind.
Near term charts also show W pattern getting completed.
Overall, a good proxy play for metal sector.
Disclosure - NO Holding as on date, Planning for entry.
EMA-200 CROSSES EMA-50 AND ITS CONTINUE IN UPTRENDEMA-200 CROSSES EMA-50 AND ITS CONTINUE IN UPTREND
VIX RANGEVIX Range Directional
21-24 very expensive
18-21 expensive
15-18 neutral
12-18 Cheap
9-12 Very cheap
Expected to recoup Expected to recoup 1/8 short term ascending angle next Monday at 1241. Broad support at 1025 and intermediate target is 1505
