Southern Petrochem SPIC Bullish Setup with high volume and and good fundamentals
SPIC 1) looks good above 48 2)wait for the trendline breakout to take entry 3) levels are mentioned in the chart
SPIC Buy-Above 52 Sl-43 T-65 70 This is swing position add more qty above 58.
The stock is in a good run, buying opportunities can be generated at good support levels. Profit booking can be seen in the stock from few days Good Buying around 60. You must buy if the stock come to 0.5level. Please tell me your views ?
I believe it will race to its All Time High because the rounding bottom pattern looks quite clean. Very less Overhead supply.
Do you guys remember SPIC. Who else a market enthusiast can forget Harshad Mehta.... The God Father of SPIC. SPIC is trading a well respected channel since its inception in 1999.Now its again testing the upper trend line in weekly charts and strongly trying to get a breakout. Wait for this month close.Lets hope for a breakout.Might be a wealth creator... God...
IF IT BREAKS ABOVE 58. GOING IN THEN WHAT ARE YOUR ENTERY LEVELS ??
SPIC monthly chart has shown breakout after 20 years.. If sustains we will be seeing good momentum here
Disclaimer: This stock is not for weak hearted buyers. The volatility is high on a daily basis, however, the price range is small. In other words, the fluctuation is not for investors who are driven by emotions. Before I start, I would like to tell you that I am also personally holding shares of SPIC and would like to share my strategy with you. Fundamental...