Sandhar Technologies Limited (SANDHAR) Stock - Complete Technical Analysis - Sep 11, 2024

"Sandhar Technologies Stock Analysis: Support, Resistance & Key Technical Insights Partha Kuchana

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.

Technical Analysis for Sandhar Technologies Limited (SANDHAR)

As of the current price of 608, Sandhar Technologies Limited is showing interesting technical patterns and indicators. The stock is trading 12.87% below its 52-week high of 697.5, which was reached on August 6, 2024. It is also 76.01% above its 52-week low of 345.3 from October 26, 2023.

Support and Resistance Levels:

Immediate Support: Around 569.67 based on Classic Pivot S1.

Immediate Resistance: Around 672.17 as per Classic Pivot R1.

Technical Indicators:

MACD: Currently showing a bearish signal, indicating potential downward pressure.

RSI: At a neutral level, suggesting neither overbought nor oversold conditions.

ADX: Low, indicating a weak trend with no strong directional movement.

Stochastic %K and RSI Fast: Both are in the lower range, hinting at a potential reversal or continuation of the current trend.

CCI: Negative, reinforcing bearish sentiment.

Awesome Oscillator: Negative, which further supports the bearish outlook.

Williams Percent Range: Also in the negative, suggesting the stock may be in a downtrend.

Moving Averages:

Short-Term: The stock is currently below the 10-day and 20-day Exponential Moving Averages, indicating a short-term bearish trend.

Long-Term: The stock is above the 50-day and 100-day Exponential Moving Averages, showing a longer-term bullish trend.

Chart Patterns:

An Inside Candle pattern was observed on September 10, 2024, with the stock trading within this range for two days. This pattern could signal a potential breakout or continuation depending on future price action.

Overall, Sandhar Technologies Limited is experiencing mixed signals. Traders should watch for any breakouts above immediate resistance levels or further declines towards support. The current technical indicators suggest caution due to the bearish signals but also highlight potential opportunities depending on future price movements.