Sinner Energy ready for another 15-20% move

Saturday, December 10 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.
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.

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