SAKSEN Technologies Swing TradeSASKEN Technologies respecting trend line in Weekly time frame and following uptrend, if price moving above 1755 then we can go long with approx 18% SL and 36 % Reward, 1:2 risk reward.
Enter only if this trade looking interesting and can manage quantity as per the stop loss.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
SASKEN trade ideas
SASKEN: Favorable Technical Indicators Point Towards a PotentialIn recent developments, SASKEN is showing promising signs as it approaches a crucial resistance trendline. Notably, the stock has received support from a reliable support trendline, accompanied by healthy trading volumes. Additionally, there has been a positive crossover observed in the MACD indicator, further strengthening the bullish sentiment.
An encouraging factor is that SASKEN is currently trading above its 50-day moving average (DMA), indicating upward momentum. Moreover, the stock has been consistently finding support from this moving average, adding to its bullish prospects. Given these factors, I am inclined to recommend a BUY position with a stop-loss (SL) set at the 50DMA level.
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breakout levelwatch for breakout or breakdown in sasken technologies
do not take stock too early if you feel it will definitely give breakout
place position only when breakout happens
or you can also wait little to watch for conformation like wait to close candle successfully above
try to match price with volume breakout
some time stock retest the breakout line
try to enter over when price retest level or breakout trend line it will also reduce your stop loss points
trade always with stop loss
respect your SL
do not over analyses after toking trade
book each trade by only one single strategy
although its booking as per comfort or by waiting for trend reversal