SAPPHIRE trade ideas
Sapphire (K.F.C & Pizza Hut) Showing Good Structural Breakout NSE:SAPPHIRE
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Company has delivered good profit growth of 26.0% CAGR over last 5 years.
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FY24 Highlights
• Sapphire has delivered the best all-round
performance in the QSR industry (all parameters considered):
Revenue scale & growth ,
Adj. EBITDA margin & growth
and New restaurant additions .
• Sapphire KFC delivered highest ever annual
restaurant EBITDA margin %: 19.7% .
• Sapphire KFC and Pizza Hut being recognized
as among the top 3 franchisees of Yum
globally on customer metrics and operating
standards.
• Sapphire Foods is ranked No.1 QSR in India
and at 95th percentile amongst QSR globally on
Dow Jones Sustainability Index (DJSI).
• We achieved our best ever employee
engagement score since inception and placed
at 88th percentile amongst all companies
surveyed worldwide by Gallup.
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SWING IDEA - SAPPHIRE FOODS INDIASapphire Foods , a leading player in food and beverage industry, emerges as a potential swing trade candidate.
Reasons are listed below :
Ascending triangle pattern breakout observed, suggesting potential bullish continuation.
Bullish engulfing candle on the weekly timeframe, engulfing the previous 13 weekly candles, indicating a strong bullish reversal.
Breakout signals the end of a consolidation phase lasting over 2 years, suggesting a release of pent-up buying pressure.
Trading near all-time high, reflecting robust bullish momentum and investor confidence.
50-period exponential moving average (EMA) on the weekly timeframe providing significant support, reinforcing bullish sentiment.
Target - 1780 // 2000
StopLoss - weekly close below 1350
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@visionary.growth.insights
Multi year Breakout in SAPPHIRE foodsSAPPHIRE Food has given zero returns from last 2 years
Currently stock is trading near resistance
Stock has formed Ascending Triangle pattern which is Bullish pattern !!
If stock comes down then it may take support around 1300 levels.
Stock will give huge upside of 70-80% if it sustained above 1625 levels.
Thanks You !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
Sapphire Foods India Ltd - Breakout StockAnother Breakout stock that came on my radar is Sapphire Foods India Ltd
This stock has been consolidating in a range since its listing.
The consolidation is happening in an ascending triangle.
Currently, the stock is trading near the resistance in a small range of approx 12 % from the past 9 weeks, suggesting there's is a high chance of a breakout this time.
And if the breakout happens the consolidating range would replicate on the upside and we can see the stock moving towards 2000 levels in the coming months.
SAPPHIRE - Inverted Head & Shoulder patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
