spal break all records of returns for his long term investors SPAL is perfect example of follow technical parameters. That share holds pure trend line breakout holds W pattern and holds life time triple top monthly breakout and above to that holds strong support zone + flag pattern breakout which show that 680 share price
DOUBLE his share price in next 3 to 5 month almost 1200 and my target for that share 2200 in next 2 year
technical points
1- Flag pattern breakout
2- follow trend line breakout
3- triple top breakout on monthly and that is also his support zone
TRG
1st TRG - 800
2nd TRG 1200
FINAL TRG 2200 almost 4 times of his current value in next 2 year may be he will achieved his TRG very early according to my time frame
STOP LOSS 498
SPAL trade ideas
SPAL Long Term PositionalDate : 05-07-2024
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SWING & BO RESEARCH TO OBSERVE
SPAL Already gave a move but still look good for Buy
BUY @ CMP
SL 556
Target 862, 1032, 1243
Hold few Months
Please consult your financial advisor before investing
All research for educational purposes only.
"SPAL: Riding the Upward Wave with a 1:2.05 Risk-Reward Ratio"Description:
📈 SPAL: Seizing Momentum with an Attractive Risk-Reward Ratio! 🚀
Prepare to embark on a profitable journey with SPAL, a stock that's currently on a robust upward trend. Here's why this trade setup is worth your attention:
Key Points:
📊 Entry Price (in Rupees): Consider entering the trade at Rs 508.00, positioning yourself for potential gains as SPAL continues its impressive upward trajectory.
❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 440.00. This level acts as a critical safety net in case the trade doesn't unfold as expected.
🎯 Target Price (in Rupees): Our target is set at Rs 660.00, reflecting a significant potential upside. This is where you may contemplate taking profits.
🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, allowing for flexibility in capturing potential gains.
📈 Risk-Reward Ratio: The risk-to-reward ratio for this trade is approximately 1:2.05. For every unit of risk, there's a potential reward of 2.05 units, resulting in a risk-reward ratio of "1:2.05."
🚀 Trade Strategy: Stay confident as SPAL continues its strong upward trend. Keep your stop loss intact and consider trailing it periodically to secure gains as the stock progresses.
📉 Correction from Highs: SPAL has experienced a healthy correction, with an almost 18% pullback from its higher levels, creating an attractive entry opportunity.
📊 Trading on Support: The stock is currently trading on a supportive level, with today's daily candle indicating a bounce back, even though volume activity is lower.
💰 Favorable Risk to Reward: This trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while diligently managing risk.
This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Embrace the opportunity presented by SPAL's upward momentum with confidence and aim for potential gains. Happy trading!
(Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
Multiyear breakout on SPAL chart #SPAL #multiyearbreakoutSPAL chart broke the multiyear price level of 500 and retested the same price level on chart which could give a scope for good price rally if all the things happening around this company could support it.
The price levels to look out on chart if rally goes on from current levels
650-800-1000-1500
Inverse Head and Shoulder in S.P. ApparelsChart -> S.P. APPARELS Daily
The stock has given an inverse head and shoulder with a morning star and volume build-ups above the resistance.
CMP: 424
Targets: 450, 495
SL: 400
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
SPAL a perfect time to enter before a cup and handle boI absolutely loved this stock as right now its the perfect time to enter the stock. It will form cup and handle pattern eventually.
Right now the RR ratio for the stock is highly favorable for a medium term swing trade. And if we are patient enough and if the stock gives a BO of that cup and handle then we will enjoy a lot of profits
Disc applies.
SPAL - Potential Cup & Handle SPAL looks good fundamentally and considering Apparel stocks are at bright spot in INDIA along with good capex done, this stock will soon reverse from here.
Potentially it looks like a cup & handle formation in coming days.
Targets and Stop Loss mentioned.
***Disclaimer**** : Educational Content - Please do not treat this as an investment advice.
SPAL - Possible Reversal with Strong Volumes on Daily ChartSP Apparels has shown good upmove with strong volumes and Delivery %. Promoter also has sold the shares, not share how the news would react. If the momentum continues then the stock may see good upmove from here.
***Educational Content - Not to be treated as Recommendation ***
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalSP APPARELS
Good Positional Stock to invest
Buy at current levels or above 400 levels
for swing targets of 425/450 levels
for short term targets keep SL of 360 levels or hold for long term also
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
spal for shortterm🤍it for shortterm🤍
study then invest🤍
weekly chart 🤍
About the company 🤍
The company was established in 1989, it is a leading manufacturer and exporter of knitted garments for infants and children in India. These are manufactured at the integrated facilities that allow providing end-to-end garment manufacturing services from greige fabric to finished products. , Mr. P. Sundararajan is the Chairman and Managing Director of our Company. . The company provides end-to-end garment manufacturing from greige fabric to finished products including bodysuits, sleepsuits, tops, and bottoms.
Target 3 achieved in S. P. Apparel. Gain of 74%. Target 4 is ON.This is follow-up on S. P. Apparel. Can check link to related ideas.
Target 3 achieved. Gain of more than 74%. Target 4 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 2 (43%) achieved in S. P. Apparels. Target 3 is ON...This is follow-up on S. P. Apparels. Can check link to related ideas.
Target 2 achieved. More than 43%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.