About:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc.
Located in India, the company has presence all over the world
Technical Points:
1. Price near Resistance zone.
2. Huge Volume Activity near Resistance Area (9x volume above average)
3. Huge Volume Activity witnessed on 24 & 25th October & 2 sessions in September with Positive Price Action.
4. Relative Strength of Stock has turned positive since 24th October & Sustaining.
5. Stock has formed a good base over 177 sessions or 261 days.
6. Stock's sector CNXIT had been under-performing Nifty since April 2022 but has seen positive price action and now at a base breakout juncture.
7. Once Sector starts its momentum, the stock will fire.
Financial Results:
1. Sales Growth: 19% QoQ & 10% YoY
2. PBT Growth : 120% QoQ & -2% YoY
3. EPS Growth : 140% QoQ & -3% YoY
Comment:
Stock looks like coming out of a base with some good volume activity (which signifies accumulation). If it breaks out of resistance area First immediate resistance is around 29% away & second resistance is 54% away. If IT sector starts outperforming Nifty and come into flavor, this could fire up & give returns much quickly than anticipated.
Disclaimer:
This stock analysis is for study & education purpose only, so one can understand mentality & analytic points behind study to choose a stock for medium to long term investing. This is not a recommendation to buy or sell a security. Learners shall take their decisions on their own discretion.
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc.
Located in India, the company has presence all over the world
Technical Points:
1. Price near Resistance zone.
2. Huge Volume Activity near Resistance Area (9x volume above average)
3. Huge Volume Activity witnessed on 24 & 25th October & 2 sessions in September with Positive Price Action.
4. Relative Strength of Stock has turned positive since 24th October & Sustaining.
5. Stock has formed a good base over 177 sessions or 261 days.
6. Stock's sector CNXIT had been under-performing Nifty since April 2022 but has seen positive price action and now at a base breakout juncture.
7. Once Sector starts its momentum, the stock will fire.
Financial Results:
1. Sales Growth: 19% QoQ & 10% YoY
2. PBT Growth : 120% QoQ & -2% YoY
3. EPS Growth : 140% QoQ & -3% YoY
Comment:
Stock looks like coming out of a base with some good volume activity (which signifies accumulation). If it breaks out of resistance area First immediate resistance is around 29% away & second resistance is 54% away. If IT sector starts outperforming Nifty and come into flavor, this could fire up & give returns much quickly than anticipated.
Disclaimer:
This stock analysis is for study & education purpose only, so one can understand mentality & analytic points behind study to choose a stock for medium to long term investing. This is not a recommendation to buy or sell a security. Learners shall take their decisions on their own discretion.