$SAPIEN
Current:Rs68.22 | Daily: +1.54% | Weight: 0.2435
The heavyweight leader,grinding higher with steady gains. This is institutional, trend-following action.
Trade Idea: The trend is your friend. Buy on minor dips for a ride on the primary trend.
TG1: Rs 71.00
TG2: Rs 73.50
TG3: Rs 76.00
Short-Term Insight: Expect contained, methodical moves. Major support sits near Rs65.00.
Long-Term Insight:As the largest component, its direction is paramount for the overall market health. A sustained break above Rs70 could signal a new phase of the bull market.
Market Overview: When the largest cap asset is rising steadily, it provides a floor of confidence for the entire market.
Pro Tip:Scale into positions. This is not for a quick scalp. Use a wider stop-loss (e.g., below Rs65) to account for normal volatility while staying aligned with the core trend.
