Moving up from the baseSAKSOFT: Looks like it has made a solid base at 310-313 range. Ready to move up for 423 Target
SAKSOFT trade ideas
SAKSOFT - stock to go for itStocks for short-medium term:
Recommended on 27th Nov
Saksoft: CMP 315
company is into global IT services and consultancy company. Their major services is into Artificial intelligence- fintech solutions, transportation & logistics ( IoT - Internet of things), Health care, Retail e-commerce, telecom(5g) and public sector.
Reasons to consider for buying👇👇
👉 Consistent growth in sales for past 3-4 yrs.
👉 Consistent growth in profit YOY
👉High ROE & ROCE
👉 Consistent increase in promoter shareholding & FII shareholding
👉 Company with zero promoter pledge & low debt
👉 Consistent cash from operations and high interest coverage ratio which is very good sign for small cap company.
👉 Company's major clients are MICROSOFT , Oracle , SAP, IBM , etc.
Note: Company is small cap and highly risk. Also, from the technical front stock is downtrend however reversal is possible & expected.
Conclusion: Though it's small cap, still it's good bet considering the moat that company is into - AI, 5G and Internet of things. One can expect good returns in the coming months. One can buy and accumulate on dips for very good returns (400+). May be the year 2021 for saksoft
SAKSOFT LTDBeware, longs! The prices have broken the uptrend channel. Can attempt to reverse into the channel. Keep strict SL.
Those sitting out can wait for the trendline or a change in price action to enter.
Triangle formation observedTriangle formation is expected to give an upside breakout with good fundamental backing
SAKSOFT - Symmetrical Break Out.Symmetrical Break Out.
Break Out from Accumulation / Demand Zone.
Bounced From Support Zone.
Investment View.
Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
SaksoftSaksoft Giving breakout from Triangular Channel.
Low volume stock hence need to be careful.
Buy with Small SL of close below 212
Target 240/270
