Sapphire Foods India Ltd.
Long
Aktualisiert

SWING IDEA - SAPPHIRE FOODS INDIA

1 714
Sapphire Foods, a leading player in food and beverage industry, emerges as a potential swing trade candidate.

Reasons are listed below :
  • Ascending triangle pattern breakout observed, suggesting potential bullish continuation.
  • Bullish engulfing candle on the weekly timeframe, engulfing the previous 13 weekly candles, indicating a strong bullish reversal.
  • Breakout signals the end of a consolidation phase lasting over 2 years, suggesting a release of pent-up buying pressure.
  • Trading near all-time high, reflecting robust bullish momentum and investor confidence.
  • 50-period exponential moving average (EMA) on the weekly timeframe providing significant support, reinforcing bullish sentiment.


Target - 1780 // 2000
StopLoss - weekly close below 1350

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@visionary.growth.insights
Trade ist aktiv
PRICE IS on 7.1% ++ FROM OUR BUYING PRICE.
HOLD FOR TARGETS !!
Anmerkung
price made a high of 11.5%+
Anmerkung
stock sharply reversed from support area
Anmerkung
Consolidation
Anmerkung
Price back to previous breakout level, might see a upmove
Anmerkung
Accumulate
Anmerkung
hold!
Anmerkung
about to make new ATH
Trade geschlossen: Ziel wurde erreicht
1st target achieved : 20%++

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