manuagarwal21

Sapphire Foods India Ltd - Breakout Stock

Panjang
NSE:SAPPHIRE   SAPPHIRE FOODS INDIA LTD
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.



Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.