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Sapphire Foods India Ltd.

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SAPPHIRE trade ideas

SAPPHIRE FOODS - Bullish Breakout From Falling Wedge📊 SAPPHIRE FOODS – Bullish Breakout from Falling Wedge 🕰️ Timeframe: 1D | 📉 Pattern: Falling Wedge Breakout 🔍 Technical Breakdown: SAPPHIRE has broken out of a well-defined falling wedge pattern — a bullish reversal signal — backed by a sharp move on increased volume. This wedge has been forming since early February, and the recent breakout above the upper trendline suggests renewed momentum and buying interest. 🔑 Key Technical Levels: 🔵 Resistance Zones (Upside Targets): ₹354.45 ₹372.20 ₹381.60 🔴 Support Zone: ₹311.15 (previous resistance turned support post-breakout) ⚪ Wedge Support Line: Well-held and now acting as a base for this breakout rally 📊 Volume & Indicator Insights: 🔺 Breakout is supported by a volume surge (300K), indicating institutional or smart money participation. 🔄 RSI at 66.81, nearing overbought territory but still in healthy uptrend range — confirming strength. 📉 RSI signals: Bullish crossover (around ₹300) confirmed breakout Prior “Bear” signal in Feb has now reversed to “Bull” (label shown) 🧠 Bias: Strongly Bullish 📍 Retest of ₹311–₹320 zone could offer re-entry opportunity with favorable risk-reward. ⚠️ Disclaimer: This chart is for educational purposes only. Please conduct your own due diligence or consult a professional before investing. 📈 Follow for more breakout pattern setups | PriceAction_Pulse 💬 Share your views on this wedge breakout in the comments!
NSE:SAPPHIRELong
by PriceAction_Pulse
Sapphire Foods cmp 305.35 by Weekly Chart view since listed_*Keep stock on watchlist for probable upside reversal from the Support Zone*_ Sapphire Foods cmp 305.35 by Weekly Chart view since listed - Weekly basis Support seen at 264 > 226 > 189 with Resistance seen only at 343 > ATH 275 - Stock is trading within Price Range of 300 to 350 since making an ATH 375 in September 2024 - Price is trending along both the Rising Support Trendlines since long anow, as seen by Weekly Chart - Multiple Repeated Bullish Rounding Bottoms are completed and are continuing currently well above the marked Support Zone Neckline - One may interpret the above back to back Rounding Bottoms as VCP pattern too, as one my observe the chart to be in Rising Price Channel - *Currently the Stock Price is hovering around the Support Zone with some demand based buying seen on Friday for probable upside reversal anticipation*
NSE:SAPPHIRE
by PIYUSHCHAVDA
SAPPHIRE: A High-Probability Trading OpportunityThe stock market is full of opportunities, but finding trades with strong confluences of price action concepts is a skill that separates consistent traders from the rest. Today, let’s dive into SAPPHIRE and explore why it could offer a compelling trade setup. 🛠️ Technical Analysis Breakdown SAPPHIRE is currently positioned at a significant price level, where multiple technical factors are aligning to create a potential high-probability trade setup. Let’s break this down: 📉 Demand Zone Confluence SAPPHIRE is trading within a daily demand zone , which lies inside a weekly demand zone . Daily and weekly Demand Zone : A footprint of smart money buyers, indicating strong potential for upward price movement. 💡 When such demand zones overlap, it creates a strong base for buyers, significantly increasing the chances of price reversal. 📈 Trendline Support The stock is also trading above a strong upward-sloping trendline , which has consistently acted as support in the past. This trendline reflects the stock's upward momentum and the confidence of buyers. 🔄 Potential Triple Bottom Formation The stock's current positioning suggests that if it reverses from this area, it may form a triple bottom pattern . This is a powerful bullish reversal pattern that signals an end to the downtrend and a potential shift to higher prices. 🏛️ Key Resistance Turned Support SAPPHIRE is hovering around a level that previously acted as a strong resistance before the breakout. Now, this same level is expected to act as support due to the concept of role reversal in technical analysis. 🔗 Why This Setup Stands Out Multiple price action concepts—demand zones, trendlines, role reversal are aligning at this point. High probability of reversal due to smart money footprints in demand zones. Low risk and high reward potential, as the risk can be defined by setting a stop-loss just below the demand zone. 🎯 Final Thoughts This setup on SAPPHIRE offers an excellent opportunity for traders who can manage their risk effectively and have the patience to let price action confirm the trade. Always remember, confluence of multiple technical factors increases the probability of success but does not guarantee it. 📌 "Success in trading comes from disciplined preparation and precise execution." Feel free to ask if you have questions. Remember, trading is a marathon, not a sprint—stay consistent and keep learning! 🚀 📢 Disclaimer This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI-registered analyst.
NSE:SAPPHIRELong
by AfnanTAjuddin
1
Potential Bullish Breakout in SAPPHIRE | Long 1550-1600Key Points: 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 Follow us to get notified about potential breakout stocks. Disclaimer: 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
NSE:SAPPHIRELong
by Pattern_Ninja
SAPPHIRE | Swing Trade📊 DETAILS Sector: Hotel, Resort & Restaurants Mkt Cap: 10,441 cr Sapphire Foods is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives. TTM PE : 56.09 (Average PE) Sector PE : 64.94 Beta : 0.39 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 8.14% away from 52 week high Outperformer - Sapphire Foods India up by 12.09% v/s NIFTY 50 down by -1.15% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SAPPHIRELong
by Munish_Jain
Saphire Foods India Chart Ready For A Breakout. 🔥🔥Saphire Foods India Chart Ready For A Breakout. 🔥🔥 SAPHIRE stock has made a breakout of a 2 year long Ascending Triangle Pattern. Currently, the stock seems to be retesting the previous breakout zone. Best time to enter is when the stock outperforms after retest is completed. Investors can expect a min target of 50% form the breakout zone. Entry: Above 1538✅✅ SL: 1290❌❌ TGT1: 1999🔥🔥 TGT2:2338🎯🎯
NSE:SAPPHIRELong
by Ankit_Kumar_Singh_
SAPPHIRE BO [Weekly]SAPPHIRE breaking out of a large weekly base this week. In addition it also came in the screener for upwards sloping RS values. Following are the RS scores for the past 4 weeks close: 1st Mar - 27 7th Mar - 28 15th Mar - 35 22nd Mar - 46 Although the RS score is not quite healthy, but in a market like this a large weekly base cannot be ignored as the stock is showing strength when most are not. I'll personally track this and see if this gives an entry when market breadth and overall conditions improve.
NSE:SAPPHIRE
by HawkishDove