TradingView
FiringPegasus
Sep 27, 2021 2:33 PM

Trend-line breakout is confirmed. Buy signal is awaited. Long

SHIPPING CP INDIANSE

Description

Shipping Corporation of India has broken-out from trend-line and facing some resistance around 118.
A daily close above 118 or crossing 119 would trigger the buying to make this stock touch its recent high zone.

Therefore, buy when the above condition is fulfilled for the target of 132 - 134

Stoploss after taking the trade would be below the recent low which is 110

PS: One can exit some position around the given target and carry remaining position if there is not enough selling volume around 133

Trade active

Target is about to be achieved

Trade closed: target reached

More