SARDAEN - Sarda Energy & Minerals- Strong Bullish Momentum (Buy)Technical Analysis of SARDAEN - Sarda Energy & Minerals (SARDAEN):- Here's a breakdown of the technical analysis for SARDAEN:
Personal Opinion:- As per my technical analysis, I am Bullish in this stock and you can buy SARDAEN stock at CMP@274-290 or wait for a dip to enter in the buy trade. This stock is beneficial to buy short to long term point of view.
Overall Trend:
Positive - As per previous chart and current chart pattern along with my technical analysis based on indicaotrs shows a one-week and one-month strong buy technical rating for SARDAEN.
Upward trajectory - The stock price has increased by 15% in the last week, 22% over the month, and a whopping 75% over the past year.
Technical Analysis Based on Indicators:
Relative Strength Index (RSI): The overall oscillator rating leans towards buy. This suggests the stock might not be overbought yet.
Moving Average Convergence Divergence (MACD): The technical ratings suggest a bullish trend with the help of MACD analysis.
Other factors to consider:-
Volatility:- SARDAEN has a moderate volatility of 12.43%
Beta:- 0.86, indicating a slightly lower volatility than the overall market
Earnings Report:- The next earnings report is due on July 29, 2024. Positive earnings reports can lead to price increases.
Important Disclaimer:-
Technical analysis is a helpful tool, but it shouldn't be the sole factor in your investment decisions. Consider fundamental analysis (company financials, industry outlook, etc.) and your overall risk tolerance before making any trades.
Remember, this is just a starting point. Do your own research before making any investment decisions as I am not SEBI registered person to suggest any stock
Thanks for your support as always
