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.
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NSE:SAPPHIRE
SAPPHIRE gives brake out on daily chart.
I am buying this stock
Near 1675
And follow sl on 1470
My target will be 1990,2200
My risk reward ratio is 1:1.50
Return on capital 15%+