Is Sasken Communication Technologies Poised for a Breakout Above ₹1520?
About Sasken Communication Technologies Ltd.
Sasken Communication Technologies Ltd. (BSE: SASKEN) operates in the product engineering and digital transformation space. The company’s stock has been trading within a horizontal consolidation range, indicating that investors are waiting for directional clarity before the next major move.
The stock has formed and broken out of a rectangle formation, signaling a potential shift in trend direction. A decisive breakout above ₹1,440 earlier confirmed renewed strength, while the next key resistance stands at ₹1,520.
Technical Setup & Key Levels
- ✅ Current Pattern: Horizontal trend channel — awaiting breakout.
- ✅ Breakout Confirmation: Above ₹1,520 signals strength, targeting ₹1,600+.
- ⚠️ Resistance Zone: ₹1,520 may cause brief consolidation before a move higher.
- ✅ Volume Action: Positive volume balance supports bullish bias.
- ✅ Medium-Term View: Technically positive, with breakout confirmation pending.
The short-term trend appears constructive as volumes have expanded during up days, hinting at renewed institutional interest. A close above ₹1,520 will likely trigger a fresh upside momentum wave.
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Investor Takeaway
Sasken’s medium-term chart setup remains positive, with consolidation offering an attractive entry zone for positional traders. A breakout above ₹1,520 may unlock a short-term rally toward ₹1,600 or higher. For continuous market insight and expert technical reviews, visit Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
