Potential Bullish Breakout in SAPPHIRE | Long 1550-1600

12 Agu

Key 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