📊 Sarda Energy & Minerals Ltd – Bullish Reversal
The stock is showing a potential bullish reversal after forming a falling wedge and taking support near ₹490–₹500.
🔎 Technical View:
• Falling wedge + multiple bottom formation
• Strong bounce from support
• Momentum turning positive
• ₹542–₹556 breakout zone in focus
🔑 Key Levels:
• Support: ₹528 – ₹515
• Major Support: ₹501 – ₹488
• Resistance: ₹542 – ₹556
🚀 Upside Targets:
• ₹556
• ₹583
• ₹597+
📉 Risk: Breakdown below ₹500 may weaken the setup.
📈 Trading View:
👉 Sustained move above ₹556 can trigger fresh bullish momentum towards higher levels.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊