Sandhar Technologies Limited (SANDHAR) Stock - Complete Technical Analysis - Nov 25, 2024

Sandhar Technologies Stock Analysis Trading Strategy, Support & Resistance Levels for SANDHAR

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. Sandhar Technologies (SANDHAR) has seen a consistent trading pattern near 523.95, with strong support at 500 and resistance at 570-580. Despite recent candlestick patterns showing indecision (Doji and Spinning Top), the market remains neutral for now. The stock has been under pressure, indicated by a negative MACD and declining Awesome Oscillator, though the RSI is showing neutrality at 51.88. The Stochastic RSI's high reading at 76.08 may also be signaling a reversal if the stock fails to break above resistance.

Moving averages reflect bearishness, with key EMAs and SMAs indicating resistance zones at 511.92 and 513.82, respectively. Volatility is increasing, as seen with a rising ATR, which means traders should stay alert for potential swings. A breakout above 530-540 would signal bullish potential, whereas a dip below 500 could indicate further downside risk.