SCILAL For Swing TradingThis chart is a daily candlestick chart for Shipping Corporation of India Ltd. (NSE: SCI). Here's an analysis of the stock movement Best Swing Trading
Price Levels:
Current Price: The current price is around INR 82.19.
Support Levels: There are support levels around INR 77.85 and INR 55.25.
Resistance Level: The chart shows a resistance level that has been breached recently.
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
Shippingcpindia
SHIPPING CP INDIA
Target:- 147
Stoploss:- 109
Duration:- 4 to 6 Weeks
The stock has already breakout through the resistance line and showing a green candle and which is proper indication of upside move, so we can buy this at market order. Use proper stoploss and maintain discipline throughout the trading period and use trailing stop below all the wave, the profit target was measured by the taking distance between support and resistance when pattern developed and paste it out breakout level, which is the resistance line.