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After the breakout from the falling wedge #Spandana is retesting its levels
5-7 percent upside is set on this stock
buy range - 820-825
SL - 810
Target - 875
Risk reward ratio 1:6
Fasten ur seat belt and enjoy the ride !!!
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
This is the spandana sphoorty share day chat pattern which is showing breakout of double wedge or w-shape and clearly indicated volume increasing also that is good shine for next lever target and its longterm investment. May nt reach if market crashes under recession
Selling price ‐-----'Rs565
Buying price--------Rs615
1st Target ‐-‐'-----Rs820
Long term or 2nd...
Good Day ,
Hello Traders,
Results are great for Spandana Sphoorty.Looks like a doubler from here as
it is showing momentum upside since bottom made on 20 June 2022.
As per Fibo ratios first target which it will aim for is 655 to 660
Then,it requires consolidation and volume to aim for the next target 885.
A big rounding bottom on the chart is already formed...
1st target reached as well as resistance breakout after forming of reverse H/S pattern so the rally is continuously up trend.
1st target price Rs615
2nd target price Rs806
Stop-loss Rs575
Spandana - Trend Reversal pattern found
Inverted head and shoulder
Solved the management issues
Looks like the stock is no more going to be in the downtrend
Stay tuned!!!
stock has shown strong support on weekly and daily chart , also has made triple bottom on daily chart
can go long with previous low , shock should bounce , also seen increase in volume
Good evening friends the next stock which we are going to talk is spandana and the stock is a very good level if the stock is able to sustain above the level of 670 then in the days to come may be in 2 to 3 weeks but our view is only for the week the stock ca seeba move of at least hundred points so this is our view only and not at all any kind of recommendation thank you
