SPTL: - This stock is Can give an Upside move for Short Term #Pennystock 1) Now it can be Supported for Reversal
NSE:SPTL is risky Penny but we all know how to manage our risk and emotion so trade wisely. No advice, just education all along.
High earning opportunity in swing trade. CMP: 9.10 (good above 9.20 breakout) SL: 6.90 Target: 12.70 | 15.30 | 19.50 ( Targets calculated on the basis of Fib.) 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...
Since De-merger, The company has been in declining trend. Company was consolidating since long time and in recent times after the Reliance acquisition news the Company has given almost 200% return. Looking at longer term chart, Will it make a CUP Pattern or CUP with Handle? If YES, Still there is room for 15x to 20x. Dis: Invested.
The most disturbing stock of 2018 ! hahaha. anyway , now i see some stability. at this cost , its a buy but dont expect huge returns if you cant hold it for at least 2 years ! if its another trap (will come to know soon , but to me its not ) then god bless all who invested here..
better stocks of the same sector are available like { X , Y ,Z } , I would enter the stock only if it sustains above 75 ... !
After failure of earlier formation there is downward trend. Sell below 75 for target of 61
Call is late but might react a bit before reaching Target of 101
The hush puff of listing is over and now time to go long in a very systematic and disciplined way . cmp 81 . allocate 25% and on every dip till 54.
SPTL has been on a downtrend ever since the de-merger. The price action and oscillator divergence in the 4 hour time frame indicate that the bottom might be in place with 75 levels acting as a good support. The possible trend reversal would be confirmed with a trend line break above 85 levels with 90 acting as the first target. The stock has limited downside risk...
But for momentum players this is the last straw...Any stock that is hitting ATL (All Time Lows), is certainly an exit candidate for now at least.!