"Rebounding from the Bottom? A Hidden Gem in Spandana Sphoorty!"
🔍 Analysis:
Spandana Sphoorty, trading 75% below its All-Time High (ATH), shows strong signs of a potential turnaround:
📊 Weekly Chart: Forming a bullish hammer pattern.
📈 Daily Chart: Displaying a morning star pattern near its all-time low.
💰 Valuation: The stock is trading at just 0.68x its book value (Book Value: ₹480; Current Price: ₹332).
🎯 Trade Setup:
Entry: ₹328
Stop Loss: ₹292
Target: ₹401
Risk-Reward Ratio: 2:1
💡 Why This Looks Promising:
The stock has formed strong technical patterns at a crucial support zone and offers a low-risk opportunity for entry.
📢 Disclaimer:
This post is for educational purposes only. Investments in the stock market are subject to market risks. Please consult a financial advisor before making any trading decisions.
🔍 Analysis:
Spandana Sphoorty, trading 75% below its All-Time High (ATH), shows strong signs of a potential turnaround:
📊 Weekly Chart: Forming a bullish hammer pattern.
📈 Daily Chart: Displaying a morning star pattern near its all-time low.
💰 Valuation: The stock is trading at just 0.68x its book value (Book Value: ₹480; Current Price: ₹332).
🎯 Trade Setup:
Entry: ₹328
Stop Loss: ₹292
Target: ₹401
Risk-Reward Ratio: 2:1
💡 Why This Looks Promising:
The stock has formed strong technical patterns at a crucial support zone and offers a low-risk opportunity for entry.
📢 Disclaimer:
This post is for educational purposes only. Investments in the stock market are subject to market risks. Please consult a financial advisor before making any trading decisions.
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.
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.