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manuagarwal21
Aug 6, 2023 4:26 PM

Sapphire Foods India Ltd - Breakout Stock Long

SAPPHIRE FOODS INDIA LTDNSE

Description

Another Breakout stock that came on my radar is Sapphire Foods India Ltd

This stock has been consolidating in a range since its listing.

The consolidation is happening in an ascending triangle.

Currently, the stock is trading near the resistance in a small range of approx 12 % from the past 9 weeks, suggesting there's is a high chance of a breakout this time.

And if the breakout happens the consolidating range would replicate on the upside and we can see the stock moving towards 2000 levels in the coming months.


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