SWING IDEA - SAPPHIRE FOODS INDIA

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

تم فتح الصفقة:

PRICE IS on 7.1% ++ FROM OUR BUYING PRICE.
HOLD FOR TARGETS !!

تعليق:

price made a high of 11.5%+

تعليق:

stock sharply reversed from support area