Good break out after consolidation on back off good volume.
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....
Round bottom formation, can touch 230-240 in short term.