SAMMAANCAP - Technical Analysis with Chart Patterns & Indicators
Last Updated Time : 19 Sept 25, 2:16 pm
Back to Technical ListTechnical Rating: 4.1
Hereβs a detailed technical analysis of Sammaan Capital Ltd. (SAMMAANCAP) based on current indicators and market data
π Trend Analysis
Current Trend: The stock is in a short-term uptrend, having recently bounced off its 50 DMA and trading above both 50 and 200 DMA.
Momentum: Bullish. RSI at 64.8 and MACD at 3.33 indicate strong upward momentum, though RSI is nearing overbought territory.
π Moving Averages
50 DMA: βΉ129
200 DMA: βΉ132
Interpretation: Price at βΉ139 is above both averages, confirming bullish sentiment. The 50 DMA crossing above the 200 DMA is a golden cross, reinforcing the uptrend.
π MACD & RSI
MACD: Positive and rising, suggesting continued bullish momentum.
RSI: At 64.8, approaching overbought zone (>70), but still in a healthy range for continuation.
Conclusion: Momentum indicators support a buy-on-dips strategy, with caution near resistance.
π Volume Trends
Current Volume: 2.17 crore
1-Week Avg Volume: 99.8 lakh
Interpretation: Volume surge confirms strong buying interest, possibly institutional accumulation.
π Bollinger Bands
Price is near the upper band, suggesting strength but also potential short-term resistance. A breakout above βΉ145ββΉ150 with volume would confirm continuation.
π Support & Resistance Levels
Level Price (βΉ) Commentary
Support 1 132 200 DMA, strong base
Support 2 129 50 DMA, short-term support
Resistance 1 145 Recent swing high
Resistance 2 160β174 Major resistance zone (52w high)
π― Entry & Exit Zones
Optimal Entry: βΉ132ββΉ135 (on pullback to 200 DMA with confirmation)
Exit Zone: βΉ160ββΉ174 (partial profit booking near resistance)
π Summary
Trend: Trending upward
Momentum: Bullish
Bias: Buy on dips
Short-Term Strategy: Accumulate near βΉ132ββΉ135 with targets around βΉ160ββΉ174. Monitor RSI for overbought signals and MACD for trend continuation.
Sources: TradingView Technicals
1
, ETMoney Technical Dashboard
2
.
1
www.tradingview.com
2
www.etmoney.com
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