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CuriousChartist
May 12, 2021 4:26 AM

Southern Petrochem Long

SOUTHERN PETROCHEMNSE

Description

I believe it will race to its All Time High because the rounding bottom pattern looks quite clean.
Very less Overhead supply.

Trade closed: target reached

Comments
pawlekashif
Sir is its suitable for medium term?
CuriousChartist
@pawlekashif I believe it will definitely hit the Target. Short/Medium term, is difficult to predict. Hopefully Short 😉
be_you_akshay
bought at 47.15
CuriousChartist
@apshah06, I can only provide my view and I'm can't be held responsible for Buying & selling decisions. Trail your stop loss based on your risk appetite because it is very important for the stock to not just cross but also close above 46.5.
be_you_akshay
@CautiousChartist, Yes sir if closed above 46.5 then it will rocket.. as per technical study. Stop loss is very important
tradetechnicalanalyst
It is place at major resistance near 46 . be care full. buy at major resistance is wrong concet.risk to rewad not maintain in it.
CuriousChartist
@tradetechnicalanalyst I believe the word used is "Above" and 0.5 buffer "Above" 46 is 1.08% above the "major resistance " 😉 I know what I do. 🙂
tradetechnicalanalyst
@CautiousChartist, Best of luck
CuriousChartist
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