Sarda Energy and Minerals, potential to go from mid to large capA 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
0.03%
16.00INR
6.021BINR
42.119BINR
100.491M
About SARDA ENERGY & MIN
Sector
Industry
Headquarters
Raipur
Website
Employees (FY)
3.503K
Founded
1973
ISIN
INE385C01021
Sarda Energy & Minerals Ltd. is a holding company, which engages in the manufacture of sponge iron, ferro alloys, billet, wire-rod, and iron ore pellet. It operates through the following segments: Steel, Ferro, and Power. The company was founded on June 23, 1973 and is headquartered in Raipur, India.
SARDAEN showing strength on Chart after breakout of 1200 level ## 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 Detai
An Energy Booster for my Portfolio1st 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 Sik
SARDA ENERGY
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 intac
Sarda Energy and Minerals long ideaSarda 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
Channel Breakout in SARDAENDON'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
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