SAKSOFT: BREAKOUT ABOVE 304Saksoft given solid breakout above 300-304 supply zone.
Big green candle with volumes seen.
Next target can be 350 and 400
Please keep in mind record date for bonus in 19 sept 2024
SAKSOFT trade ideas
SaksoftThis are swing ideas which you can add your watchlist and analysis for yourself !
I am not sebi ragister
Saksoft Breakout doneSaksoft Brakeout done on daily and weekly chart, Moving towards ATH
strong fundamental stock
first Target should be around 350 and then 400(ATH)
Stage Analysis - SAKSOFTStage Analysis - SAKSOFT
Trend Analysis showing different stages during which the stock moves
Stage-1 - Basing
Stage-2 - Advancing
Stage-3 - Distribution
Stage-4 - Declining
SAKSOFTFirst target 350
next target 400
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
Saksoft Entry - 325 and above - wait for breakout and retest
Tgt - 430
SL - 312
TimeFrame - Swing Trade (20-30 days)
-- DISCLAIMER --
I am not a financial advisor or SEBI registered.
This is just a view.
Please DO YOUR OWN RESEARCH before investing in any stock.
Happy trading.
Peace.
Saksoft Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
Saksoft Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
Saksoft low risk entry Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
SAK Soft LTD Saksoft Ltd is engaged in providing business intelligence and information management solutions predominantly to mid-tier companies based out of USA and UK.
Targets and stoploss in chart
FUNDAMENTALS :
Market Cap
₹ 3,613 Cr.
Current Price
₹ 342
High / Low
₹ 343 / 92.4
Stock P/E
40.4
Book Value
₹ 38.3
Dividend Yield
0.20 %
ROCE
28.4 %
ROE
22.7 %
Promoter holding
66.9 %
EPS last year
₹ 7.76
EPS latest quarter
₹ 2.38
Debt
₹ 13.5 Cr.
Pledged percentage
0.00 %
Net CF
₹ 14.0 Cr.
Price to Cash Flow
43.0
Free Cash Flow
₹ 76.4 Cr.
Debt to equity
0.03
OPM last year
16.2 %
OPM 5Year
16.5 %
Reserves
₹ 394 Cr.
Price to book value
8.93
Int Coverage
53.7
PEG Ratio
1.32
Price to Sales
5.15
Market Cap to Sales
5.15
Swing trade These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
saksofttaking support at the exact levels market if it succeeds it may give the desired results or if it breaks it can give a good entry level overall the stock is very good fundamentally and have growth opportunities in future.
Long on SAKSOFTThe trade idea suggests that "SAKSOFT" may have the potential to go up by 20% in the short term based on the VCP pattern formation. However, it's important to note that trading and investing in the stock market always carry risks, and there are no guarantees of specific price movements or profits.
Buy SAKSFOTHigh relative strength strongness was witnessed yesterday. (Relative to NIFTY IT)
Sure target of 175 (40 days), trail after that
{ SAKSOFT } SWING TRADEtake trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
Sasken tech CUP with Handleone of the fantastic stock with technicals, shall buy it on dips.
it gave breakout of cup with handle above 118.
best level to buy is near 134 it will act as good support and can buy from here as well wait for dips to add.
take SL below 115-18 levels.
invest with medium term view it may move towards 170-200 levels.
Dis - its just for learning not a recommendation, and i have position in it.
SAKSOFT - DAY CHART - 09.01.2023 - BAHAVAN CAPITAL SAKSOFT as per Day Chart Analysis Stock
ABOVE 143 TARGET 146
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
Saksoft: Long: R/R=4SL = 108.
Profit can be taken at 136, or can be left to compound based on chart and RS.
SAKSOFT LIMITEDThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
FLAG AND POLE BREAKOUTThis will give good swing targets....also hold for positonal will update the target
KEY POINTS :
*Flag and pole pattern
*Bullish in daily in weekly
*Bigger targets than the sl
Saksoft Breakout on Daily TFSaksoft Ltd. engages in the provision of digital transformation solutions. Share Price of the company has given a trend-line breakout today with higher volume in comparison to previous 15 days volumes.
SAKSOFT LIMITEDThis chart is only for educational purposes and should not be considered for doing any buying and selling in this stock.
