Best Stocks to Invest In India For Long Term - Sankhya Infotech Ltd -- Future Multibagger Stocks From Indian Stock Market

Sankhya Infotech Ltd
Share Price - 44.3
Listed On - BSE(532972)
Sector - Software(Medium and Small)

Technical Chart Study:

As per my technical chart study Sankhya Infotech Ltd is formed and breakout superb Flag pattern. After Flag pattern breakout it has been consolidating from last few weeks and now its touched the support line which was its Flag resistance line. As per technical chart, it has superb support at Rs. 41.30 level and after that Rs. 38 is final powerful support level which should not break. Now watch the chart and try to learn from it.

Now I am going to express my another point of view which I noticed in Sankhya chart. I noticed Sankhya is moving through a good channel and now it can ready to break out the channel resistance line anytime. But according to technical rules, one should not an entry in any stock before a good technical breakout. As per technical chart Rs. 50-51 is wonderful channel resistance level and expecting a break out soon. After the break out of that level, final trend changing indication should be at Rs. 56.5. I am sharing the chart and hope you can learn from it easily. 

Sankhya Infotech Ltd

I want to discuss this stock only basis on the technical chart. If you asked me about it's fundamental then I would like to tell Sankhya is a fundamentally good company and I like its fundamental data. It's gradually improving and expecting good growth in near future also. As I believe technical chart always gives an early indication of company's future growth and prospect. 

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About Technical Learner

This blog, it's owner/creator is not a research analyst or he/she doesn't have any SEBI registration. He/She expressing opinion in this blog only as an individual investor in Indian stock market. This blog only for learning and Educational purpose not for any trade and investment. All posts in this blog only for study. Owner of this blog will not be responsible for any loss arising out of any information, posts or opinion appearing in this blog. Investors, traders, learners are advised to consult financial consultant before acting on any such information or post. He/She is take no responsibility/liability for any decision taken by the viewers solely based on information provided here. All posts on stocks and stock market are only to create an awareness and Educational purpose. Please do your own study and research before take any decision.

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