Long Spencers all levels marked on the charts. Seems consolidation level of the stock is going to complete & in coming days stock once BO the resistance area can move upwards. Thsi is for your educational purpose only.
On the longer term weekly charts, the price is showing a break out from its major resistance zone at Rs 97-100. This zone is the 52-week high and it shows that the stock is reviving from a major accumulation phase. Appearance of a series of green candles in the last several weeks show buyers are in control of the price action. On the daily time frame, price is...
This is how contra bet works! :D
Even after such an epic move so far, I'm expect another 25% upside from here also.
When we have purchased right, the only thing now remains is to sit patiently & enjoy the ride!
Disclosure: Invested. (Hope some of you also enjoy the perks of value investing! :)... Lets make fortune together!! )
Covid effect is easing as people are venturing for Manali & Goa. Hence, Retail will also pick up.
Another success with the contra bet. Hope some of you have also minting the money along! :)
~Sit tight & enjoy the ride!!
SPENCERS on a weekly chart looking good. It has formed a falling wedge and broken out of wedge. Wait for a retest at the descending trend line.
Targets 110, 160 plus.
Please note I’m not a registered analyst.
Please analyse your self before investing.