SCI - 3 Months Downtrend Breakout
Shipping Corporation of India Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (290.75 - 10.75% from the price 262.50).
5) Recommendation - Strong Buy
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (290.75 - 10.75% from the price 262.50).
5) Recommendation - Strong Buy
Note
As mentioned previously, The given target of 290.75 - (10.75%) from the given price (262.50) is achieved.
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