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Sandhar Technologies Ltd. — Technical Analysis and Price Outlook



Sandhar Technologies Ltd. — Technical Analysis and Price Outlook

The stock of Sandhar Technologies Ltd. (NSE) is showing renewed strength after a steady recovery phase. As of now, the price is trading around ₹546.50, gaining +2.31% for the day. Let’s break down what the charts are telling us and where this stock could be heading next.

1. Chart Overview

On the daily timeframe, Sandhar Technologies is moving in an upward trajectory. After a period of consolidation and correction, the stock has been forming higher highs and higher lows, which is a classic sign of a bullish trend continuation.

2. Key Support and Resistance Levels

Price Level (₹) Type Significance
573.70 Resistance Upper resistance zone where selling pressure appeared earlier.
549.00 Immediate Resistance Current testing zone — breakout here could fuel the next rally.
479.85 Support Previous breakout level and strong short-term base.
441.55 Support Secondary support from the last consolidation range.
405.20 Major Support Long-term demand zone where the stock previously reversed upwards.

These levels provide clear boundaries for traders to plan their entries and exits.

3. Trend and Momentum

The stock has been in a steady uptrend since mid-September, bouncing strongly from the ₹405 zone. The formation of bullish candles with rising momentum suggests that buyers are gradually gaining control.
If volume continues to increase alongside price, it would further confirm the strength of this uptrend.

4. Possible Price Scenarios

Bullish Outlook

If Sandhar Technologies manages to break and sustain above ₹549–₹553, it could open the way towards the next target at ₹573.70. A decisive close above ₹573.70 would likely attract more buyers, potentially pushing the stock towards the ₹600+ zone.

Bearish Outlook

If the stock fails to hold above ₹550 and faces resistance, a short-term pullback towards ₹520–₹500 cannot be ruled out. A break below ₹479.85 may weaken the momentum, with the next major support seen near ₹441.55.

5. Technical Summary

  • Trend: Uptrend continuation

  • Market Structure: Higher highs and higher lows

  • Immediate Resistance: ₹549

  • Immediate Support: ₹479.85

  • Bias: Mildly bullish above ₹520

  • Short-Term Target: ₹573.70

  • Long-Term Target: ₹600+

6. Conclusion

Sandhar Technologies Ltd. is currently showing strong bullish momentum and is testing a key resistance zone. Traders should watch the ₹549–₹553 range closely — a breakout above this could signal a fresh upward move towards ₹573 and beyond.

As long as the price stays above ₹520, the trend remains positive. However, a drop below ₹479.85 could indicate short-term weakness.

In summary, Sandhar Technologies is poised for further upside, provided it sustains above its key support levels and breaks through its immediate resistance.


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