SARDAEN a consolidation breakout will it sustain or fizzle out
Sarda Energy & Minerals Ltd. is another consolidation breakout
1. RSI on all time frames above 60
2. Breakout of one year long consolidation
3. Major cluster of supports near 258-295 zone which can be good risk reward zones to buy on dips
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. Breakout of one year long consolidation
3. Major cluster of supports near 258-295 zone which can be good risk reward zones to buy on dips
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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