Saksoft shares rally 50% in one week. Here’s what technical charts indicate

The shares of the company sharply surged to Rs 209.49 apiece on NSE on Tuesday morning. The stock has now rebounded 95% after hitting a fresh record low of Rs 107.59 apiece in May this year.

Saksoft is a niche technology specialist which provides a comprehensive suite of business transformation, information management, application development, AI accelerators and testing services.

Saksoft witnessed a decisive breakout from a prolonged consolidation, three sessions ago and has rallied sharply, backed by a strong surge in volumes, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities. He highlighted that the RSI has also broken out of its sideways range and is currently at 83, indicating an overbought condition.

“Meanwhile, the rising MACD histogram and upward-sloping MACD line signal strong bullish momentum. The stock is trading comfortably above its key short and long-term moving averages, reinforcing the positive trend,” he added.

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However, the analyst cautioned that after a sharp 42% rally in just three trading sessions, some profit booking cannot be ruled out. “Immediate support is placed at 170–165, which coincides with the 200-day EMA and the bullish bias remains intact as long as the stock trades above this zone,” according to Shah.

Saksoft in May reported a consolidated net profit of Rs 35.93 crore for the January-March quarter of FY26, marking a nearly 20% increase from the Rs 30.03 crore net profit reported in the corresponding quarter of the previous financial year.

The firm’s income from operations meanwhile rose to Rs 248.84 crore during Q4 FY26, while expenses fell to Rs 208.92 crore.

Saksoft shares have jumped 46% in one month and 6% in 2026 so far. The shares of the company have gained 4% in one year.

In the longer term, the stock dropped over 15% in three years but gained 359% in five years.

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