FII’s Enter Sinner Energy Technical Update

By | May 17, 2018

Sinner Energy

Sinner has been performing well with rise in volume and price as we have discussed in our last post. Good News is FII has entered the stock which can be seen on BSE BULK DEAL which indicates smart money is entering the stock and some good development happening soon as price is also reflecting the same.

As seen in below charts, stock has broken the channel and weekly close above 13.9-14 will be very healthy as  breakout of the channel will be confirmed. I will observe Friday closing with interest and will update my call on the weekend for further targets.

Fresh Trade can be taken in range of 13.5-13.8 With SL of 12.8 Tgt 14.6/15.5/16.3

The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis based on my Studies.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.Bramesh Bhandari and his family/associates/ analysts would have exposure in the securities mentioned in the above article.

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