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.