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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SAPPHIRE Food has given zero returns from last 2 years
Currently stock is trading near resistance
Stock has formed Ascending Triangle pattern which is Bullish pattern !!
If stock comes down then it may take support around 1300 levels.
Stock will give huge upside of 70-80% if it sustained above 1625 levels.
Thanks You !!
Disclaimer : We are not SEBI...
Sapphire Foods
It is a company that caters Pizza Hut, KFC etc in India.
The fundamentals of Sapphire Foods are good.
On weekly timeframe it is showing strength to breakout.
One should keep this stock in there watchlist.
sapphire foods 1w time frame
symentric triangle breakout
buy @ 1448, target @ 1572, 1672, 1749, 1885
risk reward 3.3
its just a view trade @ your own risk
sl@1308
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...
All details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
