Sinner Energy ready for another 15-20% move

Sinner Energy

We covered the Stock in October at 59 Stock did the target of 63 and currently trading at Rs 9 (Stock has a split of 1:10). Stock has been rallying in past few sessions volumes has been quiet good, suggesting we can see another 15-20% move.

As seen in below 2 charts, stock is trading in a channel and close above the higher end of channel will see prices moving up suggesting price can move in range of 11.5-12. Also as per EW stock can see a rally till 12. So we can see a rally of almost 20-30% in next 1-2 months.

 

Traders can go long in range of 9-9.2 with Strict SL of 8 For target of 10.5-11.2-12

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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