SANSERA ENGINEERING LTD
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Consolidation break in SANSERA ENG - 15% move min expected

206
SANSERA has been in consolidation for 3 and half months and looks at the breakout zone on daily TF after almost a minor price consolidation of of 2 weeks with healthy volumes over the last couple of weeks.

The company has increased institutional investing and a healthy QoQ growth for the last 2 quarters to add to strength. Although in comparison to last year, there is not much of a noticeable difference.

Additionally the return on equity from the stock is just about 13% in the last 3 years.

Dont have much confidence on the stock or the breakout.

Looks "technically" good on weekly time frame too.

However for swing traders you can keep this in your watchlist.

Entry - INR 1068
SL - (DL) - 5% (below consolidation)
TSL - According to your risk profile.

Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
註釋
Good breakout today with heavy volume

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