Sinner Energy ready for another 8-10% move

Sinner Energy

As seen in below charts, stock is trading near the Higher  end of  channel, breakout of the channel can see a fast move of 5-10% in next 5-10 days .As Height of channel is around 3 points so breakout can be seen above Rs 13 for a move towards 14.5/16. This is purely a momentum based call nothing to do with fundamentals.

Traders can go long in range of 12.8-13 with Strict SL of 12.35  For target of 13.6/14.2/15.

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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