Long SapphireNear 52 week high
Strong rebound from lows
high reward low risk
cmp 1500
sl 1425
target 1950
SAPPHIRE trade ideas
THE BIG PICTUREWeekly Ascending triangle
The Resistance has been tested 4 times and support line is continuously drifting up signifying buyers interest.
GTT can be placed at breakout level of 1558, with a stop loss of 1461 previous weekly candle low.
T = R + H, Where: T – target price; R – resistance (horizontal line); H – pattern's height
T= 1558+638.
Sapphire Foods - Ready to Breakout Watch this stock as ready to breakout and good setup formed. These analysis we are posting only for educational purposes
SAPPHIRE WEEKLY BREAKOUT | SWING TRADESappgire weekly breakout Triangle Breakout
Hi Traders,
This is Triangle brekaout stock. Breakout will happen next week above 1553.
SL should be below Weekly candle.
Note - Only for education purpose
SAPPHIRE at support , is it reversingSapphire price is resting at good support line and strong green close on last session.
but seems to be low.
wait and enter if next session is good green close with good volume.
short swing trade
Breakout soon in sapphire foodsVCP & Ascending Triangle Breakout Setup
RSI above 60 and rising
Trading above EMA50
Volatility contraction visible
Multiple attempts to beak ATH
Enter after breakout confirmation
Disc: for study, not a recommendation
SAPPHIRE FOOD LTD WILL CONTINUE ITS TREND?SAPPHIRE FOOD LTD WILL CONTINUE ITS TREND? What do you Think?
Good fundamentals with strong bullish Currently strong momentum 💪 with FII and DII buying at lower levels, I think it gives big move in this stock after monthly closing above 1580 for long term horizon, with SL any candle close below all time low
Before investing please consult with your financial advisor
Amazing breakout on Weekly / Daily Timeframe - SAPPHIRECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Ready To Break All Time High With Strong Momentum Company Overview:
Sapphire Foods India is a leading player in the food and beverage industry, with a focus on quick-service restaurants. The company operates a chain of popular restaurant brands and has a strong presence in the market.
Technical Analysis:
- Ready to Break IPO + All-Time High: Sapphire Foods India is poised to break its IPO price and reach an all-time high, indicating a bullish trend in the stock.
- Triangle Breakout with Strong Momentum: The stock has broken out of a triangle pattern with strong momentum, suggesting a potential continuation of the uptrend.
- RSI Rising Along with Price: The Relative Strength Index (RSI) is rising along with the stock price, indicating increasing buying interest and momentum in the stock.
- Closed Near Resistance with Engulfing Bullish Candle: The stock has closed near a resistance level with an engulfing bullish candle, signaling a potential reversal of the previous downtrend and a continuation of the uptrend.
SAPPHIRE FOOD LTD WILL IT CONTINUE ITS TREND?????SAPPHIRE FOOD LTD WILL IT CONTINUE ITS TREND????? what do you think..!
Sapphire foods 45% upside towards 2100Sapphire foods is in ascending triangle formation and aiming for 45% upside towards 2100 in near term might take 8-10 months
Personally invested
SAPPHIRE Good Pattern Formation NSE:SAPPHIRE This Stock Forming a Good Pattern Follow this stock Breakout soon
SAPPHIRE | Positional Trade📊 DETAILS
Sector: Hotel, Resort & Restaurants
Mkt Cap: 9,193 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 : 44.23 (Average PE)
Sector PE : 73.28
Beta : 0.48
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
7.95% away from 52 week high
Underperformer - Sapphire Foods India up by 2.29% v/s NIFTY 50 up by 4.73% 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 🔍
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Triangle pattern Break out watch outPerfectly contracting in the triangle for a long, watch closely resistance level, Break out can give a good move # Manage your Risk # For learning purposes only
Amazing breakout on Weekly / Daily Timeframe - SAPPHIRECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Weekly view - SAPPHIRE - Jan 15, 2024Check out the intriguing weekly pattern in the "Sapphire Foods" chart! It has been trading within a tight range for almost 8 weeks, accompanied by increased buying activity. If it manages to close above 1500, there's a good chance it could swiftly reach higher Fibonacci levels.
Sapphire bouncing strongly - 200 EMA strong is strong support -200 ema is strong support zone
-rsi and adx sowing strength in momentum
-volume rising slowly slowly
-and also ready to break symmetrical triangle
nice monthly breakout in Sapphire Foods In my experience, i have observed a lot of IPO s and i have notice they really perform great in monthly breaks out
similarly sapphire food is also in a range and can breakout upside in monthly candles
we can buy above closing of 1550 and have a small stop loss , I don't prefer targets in IPOs, as they generally have a great potential so just go on with the flow and use trailing stop losses.
it's just for educational purpose, trade at your own risk
Swing trade... 1D Education purpose onlySwing trade ... Breakout of resistance area... Possibly upside......
Do your analysis before entry..... Take advice from your Fanicial advisor.
Note :- Education purpose only....
Thank you❤❤❤...
Sapphire Looking Good For More UpsideSapphire Foods
CMP : 1390
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
SAPPHIRE FOODS INDIA LTD.The chart is self-explanatory.
upside potential > 20%
TREND ANALYSIS + VOLUME ANALYSIS + ADVANCE CONFIRMATIONS
Disclaimer: This is for educational purposes only. This is not buying or selling recommendations. I am not SEBI registered.
