Sakar Healthcare Limited (SAKAR) Stock - Complete Technical Analysis - Dec 11, 2024

Sakar Healthcare Stock Analysis: Key Support & Resistance Levels to Watch SAKAR Trading Insights

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. Sakar Healthcare Limited (SAKAR), with a current price of 321.95, has been experiencing notable fluctuations over the past week. Trading well below its 52-week high of 479.0, the stock remains above its 52-week low of 279.85, indicating a moderate price range. Over the past few days, the stock has seen significant surges and drops, reflecting its ongoing volatility. On December 11, the stock witnessed a rebound, moving from an open of 312.40 to a high of 325.00 before closing near the middle at 321.95. This indicates some short-term buying pressure, particularly as the stock bounced off its lower support zone.

The stock has recently been testing support at the 310-312 range, with resistance near 325. If the stock manages to break through 325, it could approach the 335-347 levels, while failure to hold above 310 could push the price towards 300 or lower, as confirmed by the classic pivot points. Moving averages suggest a sideways trend as the stock is trading just above the 200-day EMA but below the 50-day EMA, indicating no strong directional momentum. The ADX is at 20.97, signaling that the trend is weak. The RSI at 56.64 reflects neutral market sentiment, and stochastic indicators in overbought territory indicate potential for a pullback.

The ATR indicates a moderate level of volatility, and traders should be cautious, especially with the stock's price nearing resistance levels. Keep a close eye on any decisive moves beyond the 325 level for bullish continuation or below 310 for potential bearish signals. The 200-day EMA remains a key long-term support level to watch.