Sandur Manganese & Iron Ores Ltd. has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The price has broken through the ceiling at 1355 of a rectangle pattern.
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A decisive break will
signal a further rise to 1 526 or more. There is
no resistance in the price chart and further
rise is indicated. In case of a negative
reaction, the stock has support at
approximately 1200 rupee. Volume has
previously been high at price tops and low at
price bottoms. This weakens the trend break.
The stock is overall assessed as technically
positive for the medium long term.
