Saipa technical analysis 5 February 1401 / Khasapa returns to the upward phase? – Tejarat News

The shares of this company are now traded in the second market of the stock exchange and in the automobile and parts manufacturing group; With a market value of about 50 thousand 441 billion tomans, Saipa is considered the largest company of this group after Iran Khodro.

The release of cars in the commodity exchange, which took a more serious form at the beginning of the second half of this year, caused a tremendous change in this industry. This issue continued until the Iran Khodro company finally came out of losses.

On the other hand, Saipa’s losses in the 9 months ending in December this year decreased by 61% compared to the same period last year and reached 1,535 billion tomans.

“Khasapa” in the modification phase; Where is the possible turning point?

Looking back at Saipa’s price chart, it shows that this share is very interested in moving in the channel. Therefore, the ups and downs of the Khasapa symbol since September 1400 have been placed in the framework of an ascending channel with a gentle slope.

The good upward trend of Saipa, which started in November following the release of the car in the commodity exchange, was finally able to take the share price out of the strong downward trend line that had formed since the beginning of the year after 9 months.

By growing up to the range of 280 Tomans, Saipa faced dynamic resistance, and currently it has experienced nearly 15% correction in line with the overall capital market index.

The support range of 238 to 242 Tomans caused the volume of share trading to increase sharply on Monday. By identifying this range as support, buyers proceeded to buy. The shadow formed in the Dushanbe candle also shows the same effort on the demand side.

Now, it seems that if Khasapa’s correction continues, with the loss of this range, the box has a price of 215 to 225 Tomans as support. where the range between the 38% and 50% retracement lows is also drawn on the recent uptrend log.

If Saipa can cross the ceiling of its ascending channel (blue channel), it can achieve higher prices and advance to the next level of its Fibonacci channel.

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