Breakout or Support? How to Decode a Stock’s True BehaviorIn this video I will show a Smarter Way to Read Charts, Breakout vs Support — The Fine Line Every Trader Must Know .
Disclaimer: This video is for educational purposes only and is based on historical charts. It is not financial advice. Please consult a registered advisor before making any trading decisions.
SPIC
Southern Petrochemicals Industries Corporation - Near Breakout Southern Petrochemicals Industries Corporation Ltd is engaged in manufacturing and selling Urea and Nitrogenous chemical fertilizer.
The company’s product offerings include Primary nutrients, Secondary Nutrients, Water Soluble Fertilisers, Organic Fertilisers, Non-edible deoiled Cake Fertilisers, pesticides, industrial products, etc.
Power Arrangements
The company’s associate Greenam Energy operates a 22.0 MW AC Floating Solar Project to meet the Renewable Power obligations stipulated by the
Short Term Trading Opportunity in SPIC for > 10% upsideHi,
NSE:SPIC has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Spic on Potential Symmetrical triangle Breakout..!
SPIC has been consolidating in a channel pattern for last 2years in weekly chart. In daily chart formed a symmetrical triangular pattern and trying for a breakout following in a uptrend.
Potentially can reach upto the top of the channel 107rs. Maintain strict Stoploss 82rs which is below the triangle Pattern.
SPIC - Bullish Consolidation with VolumesNSE: SPIC is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 16% to 26% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading
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 break
SPIC - Bullish Swing ReversalNSE: SPIC is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 14% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading
SPIC long term investmentMulti year breakout stock : SPIC 🚀
Stock has broken out of its resistance trendline connecting the highs during ipo of the stock in 1999 , pattern looks more of like a breakout retest in 12months time frame
Fundamentals of the stock are also good :
# Low debt co
# Stock trading at a very low PE ratio of 4.5
# Constant growth year on year , boosting EPS
# Promoter holding of 50%
# Excellant cash flow , CFO/PAT of 2.3
# Reserves and Assets increasing
👉 Overall the stock is both fundamentally
SPIC | Good for Long NSE:SPIC
Cmp : 72.5
Breakout Retest
Stoploss : Closing Below 65.5 (As per your risk reward )
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
Breakout in Southern Petrochemical Industries Corp...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 achieved in SPIC. Gain of 47% Target 2 is ON.This is follow-up on Southern Petrochemical Industries Corp. Can check link to related ideas.
Target 1 achieved. Gain of more than 47%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Southern Petrochem break out1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside























