Potential Bullish Breakout in SAPPHIRE | Long 1550-1600
Key Points:
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- Pattern Observed: Cup and Handle Formation with Ascending Triangle
- Failed Retest: Cup & Handle Retest Failed, indicating strong resistance
- Support Level: Ascending Triangle suggests strong support around 1550-1600
- Entry Zone: My entry price is between 1550 to 1600 INR
- Target Price: Projected target price is 1866.80 INR
- Volume Analysis: Increasing volume confirming bullish momentum
- Indicators: RSI currently at 44.98, indicating potential for upward movement
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- Not SEBI Certified: This analysis is for educational purposes only
- DYOR: Do Your Own Research before making any investment decisions
- Disclaimer: Trading involves risks, and past performance is not indicative of future results
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