SGPL — Falling Channel Base | Early Accumulation
CMP: 17.34 | Time Frame: Daily | Risk: Medium
SGPL is trading near the lower boundary of a falling channel, showing signs of base formation and early accumulation after a prolonged downtrend. Price is attempting to shift structure with small higher lows forming.
As long as price holds above 15–16 support zone, recovery can extend toward initial target 19–20, followed by major resistance near 22–24 (channel mid/top zone). A breakout above this region can trigger a stronger move toward 28–30 supply area.
On the downside, loss of 14 would invalidate the setup and push price back toward 12.5 lows.
For general informational purposes only — not investment advice.
CMP: 17.34 | Time Frame: Daily | Risk: Medium
SGPL is trading near the lower boundary of a falling channel, showing signs of base formation and early accumulation after a prolonged downtrend. Price is attempting to shift structure with small higher lows forming.
As long as price holds above 15–16 support zone, recovery can extend toward initial target 19–20, followed by major resistance near 22–24 (channel mid/top zone). A breakout above this region can trigger a stronger move toward 28–30 supply area.
On the downside, loss of 14 would invalidate the setup and push price back toward 12.5 lows.
For general informational purposes only — not investment advice.
Trade closed: target reached
🚀 SGPL Delivers Massive 130% Gain! 🚀SGPL Hits Exact Target Successfully, moved from the 17.34 zone to 40 and delivered an outstanding return of more than 130%
TradeFlow Advisors
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TradeFlow Advisors
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.