Sinner Energy does 12% move, Momentum Analysis

Wednesday, December 14 Leave a Comment

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.
We have Covered this stock 2 days before   Stock moved 12% from our trigger level of Rs 9, the move was quiet fast, Many traders asked for update on current technical structure.
As seen in below charts, stock is trading near the upper end of  channel and close above the higher end of channel  around 10.3-10.5 will see prices moving up further towards  range of 11.5-12. So another 16-20% move is on cards as soon as we see a close above 10.3

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