Sansera Engineering Limited (SANSERA) Stock - Complete Technical Analysis - Sep 10, 2024

Sansera Engineering Stock Analysis: Key Support & Resistance Levels Technical Insights September

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 Limited is currently trading at 1445, just below its 52-week high of 1550 reached on August 26, 2024, and significantly above its 52-week low of 820.5 from November 17, 2023.

The technical outlook reveals several key points. Resistance is expected near the 1480 to 1550 range, while support levels are crucial around 1400 and 1350. If the stock breaks below these support levels, further declines could follow.

Analyzing technical indicators, the MACD is in positive territory, which suggests some bullish momentum. However, the RSI is around the neutral mark, indicating the stock might be consolidating. The Stochastic %K and Stochastic RSI are showing lower values, pointing to potential overbought conditions. The Commodity Channel Index and Awesome Oscillator also support the view of a potential slowdown. The Williams Percent Range and Bull Bear Power further reflect a weakening buying pressure.

In summary, Sansera Engineering Limited faces resistance between 1480 and 1550, with key support levels around 1400 and 1350. The overall technical indicators suggest a mixed but cautious approach as the stock navigates through these levels.