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 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
In the Weekly Chart of SPAL ,
we can see that, it has given Big Cup & Handle breakout.
Let it retest the Trendline and then enter with SL and Targets.
Expected momentum is shown in chart.
Chart -> 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.
I 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 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.
SP 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 ***
SP 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
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...
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....
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...
