SWING IDEA - SAPPHIRE FOODS INDIA
Updated
Sapphire Foods, a leading player in food and beverage industry, emerges as a potential swing trade candidate.
Reasons are listed below :
Target - 1780 // 2000
StopLoss - weekly close below 1350
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
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
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade active
PRICE IS on 7.1% ++ FROM OUR BUYING PRICE.HOLD FOR TARGETS !!
Comment
price made a high of 11.5%+Comment
stock sharply reversed from support areaComment
ConsolidationComment
Price back to previous breakout level, might see a upmoveComment
AccumulateComment
hold!Comment
about to make new ATHTrade closed: target reached
1st target achieved : 20%++Disclaimer
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