SPANDANA trade ideas
SPANDANAGave breakout in weekly time frame. Yet, the candle is not a strong one. Have an eye on this stock for next week.
Ps: Do your own research
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SPANDANASPANDANA:- The stock is moving in the channel from 8 months, giving a fake breakout to the downside, the stock has given an upside breakout, if you find the stock between 646 and 655, then you can plan something, till then keep your eyes on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Decent channel and another descending channel forming inside.Spandana Spoorthy posted decent Q3 and nbfc as a space has been bright spot. Credit growth , however seems to be hit by rising interest rate.
But chart speaks differently always. Above 600 would be interesting . Upper channel would be a bigger challenge
Spandana Cup done. Waiting for handle.Spandana has made a neat rounding bottom with huge volumes spikes. Fundamentally there seems to be more clarity within the company's management. With cup done is Spandana ready to rock ?
spandan : Twizzer Bottom , Bullish Engulf, Multiple BottomNSE:SPANDANA
Price Action : Twizzers Bottorm - Bullish Engulf
RSI: BULLISH DIVERGENCE
Pattern : Double/Multiple Bottom
Probability to break Green Trendline
Observation: Buy with Given Target. Trendline breakout will be the Long opportunity for given Target
Buy: @ 343.5 - 370
Stoploss : 330
Target : 390 - 408- 440 - 484- 500 - 510 + + + + + + + + + + + + + + + + + +
Note: Never Trade without stop - loss.Long term Stop loss should not be more than 4 %
Double Bottom Breakout (trend reversal) at SPANDANA#DoubleBottom #Breakout (trend reversal) at #SPANDANA (Spandana Sphoorty Financial Ltd) weekly chart.
BSE: 542759 \ NSE : SPANDANA
What Is a Double Bottom?
A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Long SPANDANANSE:SPANDANA
Chart is self explanatory. Levels of breakout, possible upmove where stock may find resistance and support (close below which, setup will be invalidated) are clearly defined.
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.
SPANDANA | Good RRR opportunity in swing trade !Good earning opportunity in Swing Trade..
CMP: 399.50 ( Enter on successful retest @ 335 - 362 )
SL: 300
Target: 408 | 483 | 604
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views and have fun!!! Don’t take me seriously…..
Happy trading !!!
Spandana breakout - Long positionSpandana seems have broken out of the down trend with volume. Targets are based on fibo. Can go long here.
SPANDANAit may get reverse from here, double bottom pattern, but it have to cross 410 and hold above them for week.
SPANDANA - breakout with volumesTrendline breakout
a close above 400 can take it to 445 very qiuckly
stay tuned
high volumes
and really good valuation stock
Trend line breakout !!!The stock gave strong breakout and also closed above both 20& 50 EMA at the same day.
Look the stock for more details.
This is only for educational purpose.
Spandana took strong support. Reversal Ahead!NSE:SPANDANA can be seen with RSI Divergence and Triple bottom formation on a Daily time frame.
This is followed by Weekly & Daily closing candle above previous swing high.
A good Volume spurt adding to logic of reversal I suspect.
Trendline Breakout for more than 5%DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in SPANDANA
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Buy Today, Sell Tomorrow: SPANDANA for more than 5%
Bullish Engulfing !!!This stock gave more than 5 confirmations to buy .
More details on chart.
This is only for educational purpose, do your own analysis before buy !!!
#SPANDANA SPHOORTY#SPANDANA SPHOORTY
Buy on dip for good RR
Target -480/557
SL-329
CMP:415.75 @ 5 February 2022
SPANDANA bullish mode. Target 459SPANDANA financial under bullish. Weekly and day trends crossed. Target 459
SPANDANA BE READY FOR A DECENT SWINGAvailable at such a cheap valuations
Huge volumes with 20% move in a day
Buying happening at the lower end
retesting the previous support turned resistance
Can give further swing above 415
Stay Tuned
SPANDANASPANDANA trading a support on long term charts. Accumulation can be done by long term investors.
A breakout, retest could be a good entry pointStock has given a breakout
1. A fairly undervalued stock mostly due to management confusions
2. Has bounced from its all time high
3. Looks to be a good potential upside
4. I would wait for retest and look for 10-15% is short term
5. Sustaining above 510 can fly the stock really high
Disclaimer: for learning purposes
Looks like a double bottom on weekly chart with volumesReasons for long:
1. High weekly volumes
2. Double bottom formation in process on higher time frame
3. RSI divergence on weekly time frame
4. Could be a good positional candidate
Disclaimer: For learning purpose only
