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.
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.