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SPANDANA SPHOORTY FIN LTDSPANDANA SPHOORTY FIN LTDSPANDANA SPHOORTY FIN LTD

SPANDANA SPHOORTY FIN LTD

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SPANDANA trade ideas

Forming hammer near all time low - on weekly time frame"Rebounding from the Bottom? A Hidden Gem in Spandana Sphoorty!" 🔍 Analysis: Spandana Sphoorty, trading 75% below its All-Time High (ATH), shows strong signs of a potential turnaround: 📊 Weekly Chart: Forming a bullish hammer pattern. 📈 Daily Chart: Displaying a morning star pattern near its all-time low. 💰 Valuation: The stock is trading at just 0.68x its book value (Book Value: ₹480; Current Price: ₹332). 🎯 Trade Setup: Entry: ₹328 Stop Loss: ₹292 Target: ₹401 Risk-Reward Ratio: 2:1 💡 Why This Looks Promising: The stock has formed strong technical patterns at a crucial support zone and offers a low-risk opportunity for entry. 📢 Disclaimer: This post is for educational purposes only. Investments in the stock market are subject to market risks. Please consult a financial advisor before making any trading decisions.
NSE:SPANDANALong
by the_fib_trader
SPANDANA SPHOORTY FIN LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:SPANDANA
by zenthosh
buy at zone - swingENTRY - line marked is potential reversal zone ( PRZ) - entry is strictly inside the zone - look for buying confirmation in smaller time frame ( 15 minutes preferred ) EXIT 1. target - mark fib retracement from C to latest swing low - TGT 1 - 0.236 - TGT 2 - 0.382 - TGT 3 - 0.5 ( preferred target ) 2. SL - candle close below (PRZ) - if u didn't get confirmation inside the zone , ignore this pick - if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK - RE-ENTRY can be done , if u again get buying confirmation inside the zone
NSE:SPANDANALong
by rajeevmmails
SPANDANA: Multi- year BreakoutThe chart is self-explanatory as always. If you'd like to request an educational analysis, simply send us 100 coins as a token, and we'll be happy to post one for you. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:SPANDANA
by TheChartereds
Doubler Candidate Good Day , Hello Traders, Results are great for Spandana Sphoorty.Looks like a doubler from here as it is showing momentum upside since bottom made on 20 June 2022. As per Fibo ratios first target which it will aim for is 655 to 660 Then,it requires consolidation and volume to aim for the next target 885. A big rounding bottom on the chart is already formed and it is a serious candidate for Doubler if one keeps in the portfolio for 1.5 years. Keep 510 as Stop Loss and aim for Targets - 656 / 880 /1197 /1370 Time Frame : 1 or 1.5 years. Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:SPANDANALong
by Piscean17th