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 and it is a serious candidate for Doubler if one keeps in the portfolio for 1.5 years.
Keep 510 as Stop Loss and aim for Targets - 656 / 880 /1197 /1370
Time Frame : 1 or 1.5 years.
Chart Self Explantory.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions..
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.