Sansera Engineering Limited (SANSERA) Stock - Complete Technical Analysis - Nov 14, 2024

Sansera Engineering Technical Analysis Stock Price Prediction and Key Support & Resistance Levels

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Sansera Engineering (SANSERA) has been oscillating between 1,430 and 1,550 levels over the past few days, showing a slight downtrend but still well above its 52-week low. The stock is facing resistance at 1,559, coinciding with its 50-period Exponential Moving Average, while support is seen near 1,466 based on Fibonacci levels. The MACD is in the negative, and RSI suggests neutral territory, though it is approaching oversold conditions. With an ADX of 18.57, the trend strength is weak, indicating consolidation rather than strong upward momentum. If the stock sustains above the 1,530-1,550 zone, there might be a potential for a bullish reversal, but caution is advised due to recent volatility. The Stochastic and Commodity Channel Index point towards a potential bounce, but traders should wait for further confirmation before making significant moves.