SARDAEN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

Here’s a detailed technical analysis of Sarda Energy & Minerals Ltd. (SARDAEN)

📊 Trend Analysis

Current Trend: The stock is in a mild uptrend, trading above both its 50 DMA and 200 DMA, but showing signs of short-term consolidation.

Momentum: Mixed. MACD is strongly positive (15.8), but RSI at 48.7 suggests neutral momentum — neither overbought nor oversold.

📈 Moving Averages

50 DMA: ₹545

200 DMA: ₹475

Current Price: ₹569

Interpretation: Price is comfortably above both averages, confirming a medium-term bullish trend. The 50 DMA is rising, indicating short-term support.

📉 MACD & RSI

MACD: Strongly positive, suggesting bullish momentum is intact.

RSI: Neutral at 48.7 — no immediate buy/sell signal.

Conclusion: Momentum indicators suggest potential for upside, but confirmation needed via RSI > 55 or MACD crossover.

📊 Volume Trends

Current Volume: 21.8 lakh

1-Week Avg Volume: 27.4 lakh

Interpretation: Slight dip in volume, indicating reduced participation. Watch for volume surge near breakout levels.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout above ₹580–₹590 with volume would confirm trend continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 545 50 DMA, short-term support

Support 2 475 200 DMA, strong base

Resistance 1 580 Near-term resistance

Resistance 2 610–640 Major resistance zone (52w high)

🎯 Entry & Exit Zones

Optimal Entry: ₹545–₹555 (on pullback to 50 DMA with confirmation)

Exit Zone: ₹610–₹640 (partial profit booking near resistance)

🔍 Summary

Trend: Mild uptrend with short-term consolidation

Momentum: Mixed — MACD bullish, RSI neutral

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹545–₹555 with targets around ₹610–₹640. Watch MACD and RSI for breakout confirmation.

Let me know if you'd like a visual chart setup or swing trade plan based on this!

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