TRADE SETUP_ bottom in place for SCI _ 30% upside potential
Updated
This PSU stock has made a bottom on 25th Oct after completing a zig zag correction starting 11th Sep.
This particular bottom shall be considered as a wave iv bottom of an ongoing impulse wave that began in April this year. The stock is now expected to take off in wave v towards 170 zone providing a good 30% upside potential.
The Oct bottom of 128.5 can be used as a crucial support for the stock(also SL) to the rally that has already begun.
CMP 135
SL 127
TARGET 170
NOTE*- Kindly do your own research/analysis before taking any financial positions. The above stated views on the chart are my personal views/opinions and to be treated as such.
This particular bottom shall be considered as a wave iv bottom of an ongoing impulse wave that began in April this year. The stock is now expected to take off in wave v towards 170 zone providing a good 30% upside potential.
The Oct bottom of 128.5 can be used as a crucial support for the stock(also SL) to the rally that has already begun.
CMP 135
SL 127
TARGET 170
NOTE*- Kindly do your own research/analysis before taking any financial positions. The above stated views on the chart are my personal views/opinions and to be treated as such.
Trade closed: target reached
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