SPIC! Picking Pace?SPIC is showing some sign of big breakout in coming weeks. Ascending Triangle breakout is expected. Targets are mentioned on the trendlines.
NOTE: I'm not a SEBI REG. Study before investing.
Southernpetro
SPIC Analysis & PredictionThis is the analysis of SPIC in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About SPIC :
Southern Petrochemical Industries Corp. Ltd. engages in the manufacture and sale of fertilizers. It operates through Agro Inputs and Others segments. The Agro Inputs segment includes operations in Urea. The Others segment focuses on agri business. The company was founded on December 18, 1969 and is headquartered in Chennai, India.
SOUTHERN PETROCHEM SOUTHERN PETROCHEM chart is good
entry - 74.60 or mondey morning price (19-12-2022)
TG - 86 and
SL - 70
Southern Petrochem SPIC Bullish SetupSouthern Petrochem SPIC Bullish Setup with high volume and and good fundamentals
Southern PetrochemI believe it will race to its All Time High because the rounding bottom pattern looks quite clean.
Very less Overhead supply.
SPICDaily Chart
- Looks poised for breakout
- Massive volumes on weekly chart, accumulation
- Good Swing Candidate
