SAP AG WEEKLY SCENARIO – 07 March 2022

SAP AG WEEKLY SCENARIO

SAP AG Technical Analysis: Weekly Chart

SAP AG WEEKLY SCENARIO

In the weekly charts, SAP AG was trading in the down channel.

It is trading below all SMA.

The immediate support is 94.55 & the resistance level is at 99.63.

SAP AG was trading in the down channel before the breakout downside.

SAP AG Technical Analysis: Daily Chart

SAP AG WEEKLY SCENARIO

In the daily charts, SAP AG is trading in the down channel.

It is trading below all SMA.

The immediate support is 94.56 & the resistance level is 98.49.

SAP AG is trading in the down channel until there is a trend reversal.  

How to Trade SAP AG this Week:

SAP AG will follow the downtrend until their trend reversal. So, remain bearish on SAP AG

TRADE SUGGESTION- SELL AT 97.00, TAKE PROFIT AT 94.56 AND STOP LOSS AT 98.49

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