Stock gives breakout on a daily timeframe .
CMP : 141
Target : 165
Stoploss : 127.50
This is not a buy or sell call, this analysis is shared for educational purpose.
NSE:SAKSOFT
Established in 1999 by Autar Krishna and his son Aditya Krishna, Saksoft Ltd has been providing cutting-edge business intelligence and information management solutions to mid-tier companies in the USA and UK.
aksoft Ltd is a leading provider of Information Management Solutions to successful companies around the world. The company is a mid-sized Information technology Company and provides end-to-end business solutions that leverage technology and enables their clients to enhance business performance. They also provide the entire gamut of software solutions including...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
Finally, SAKSOFT has given a breakout from huge consolidation of almost 1yr.
During this period, it constructed a massive inverted head and shoulder pattern whose
depth is 36% and breakout came above 1140.
Both volume and RSI are supporting the up move. RSI is breaching above 60.
Volume has started buzzing despite Nifty IT lacking strength.
The only thing to...
SAKS SOFT one-year monthly consolidation breakout. Weekly trend breakout and closing above the consolidation. If it opens above 1198 and sustains above it will reach first target of 1458. Each consolidation breakout will give an increase of minimum 50% from breakout point.
NSE:SAKSOFT
Reason for Trade : Daily BO & Weekly BO
Cmp : 1064
Entry :Above 1180
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the...
The stock is testing its ATH levels and looks good above 1175 (on closing basis) for positional targets of 1275 and 1400.
Fundamentally also it's a profit making company and there is a stock split news associated with it - so on the whole good chart for coming days.
Caution - this is not a very good stock for intraday!
Learn & Earn,
Dr. Tanya Kumar
Saksoft Ltd.: Pole & Flag Formation: Monthly Basis. Had Strong Vol. Consolidation. Further Vol. BuiltUp Required. To be Watched. Then Good to Go. Do your Own Research as well. Happy Investing:)
As per the 2 Hour Chart of SAKSOFT, we have witnessed a Formation of a “Bullish Engulfing” Pattern on the downside levels of the stock.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 753.60, 777.50, and 814....
Moving Upside forming Darvas Box
Continous breakout of darvas box
Now at support of darvas box
Can go long after breakout of the box
Only for educational purpose
Saksoft Ltd. engages in providing information technology services. It offers analytics solutions, strategic consulting, mobility solutions, Internet of things, technology training, application development, robotic process automation, digital testing services, managed by verticals of infrastructure services and cloud services. The company was founded by Autar Krishna and Aditya Krishna on November 24, 1999 and is headquartered in Chennai, India.
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