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Rajneesh Sharma CFTe

22nd Feb · SEBI-Registered Analyst

Sakar Healthcare — Trendline Reclaim With Volume Expansion & Momentum Strength

SAKAR
1️⃣ Price Structure & Trendlines: Price has reclaimed the broader falling trendline and is now moving within a rising structure. The recent impulsive candle suggests transition from corrective behaviour toward potential continuation. 2️⃣ Key Levels: • ₹520–540: Immediate resistance near recent highs. • ₹483–485: Breakout zone acting as near-term support. • ₹444–445: Intermediate support from prior structure. • ₹400–410: Rising trendline defining higher-low structure. 3️⃣ Trend Behaviour: Higher lows along the ascending trendline indicate strengthening demand. Break above declining resistance reflects a structural shift from consolidation toward expansion. 4️⃣ Volume Characteristics: Strong volume expansion on recent candles highlights increased participation and supports the breakout attempt. 5️⃣ RSI & Momentum: RSI remains elevated with sustained higher highs, signalling strong momentum while recent consolidation reflects controlled cooling rather than exhaustion. 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)

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