SCI is taking a Reversal and in ascending traingle structure which shows buyers interest and expecting 20-30% move in a short period. Targets are on Trendline with a logical SL. Follow as per your study
NOTE: I'm not a SEBI REG. Study before investing.
📊 Script: SCI
📊 Sector: Shipping
📊 Industry: Shipping
Key highlights: 💡⚡
📈 Script is going to give breakout of Double Bottom on daily chart keep an eye on stock, breakout is above 235.
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 Right now RSI is around 61.
📈 One can go for Swing...
Primary 5 intermediate 5 is about to being once we get a wave 4 triangle breakout.Price above 232 would be a signal to go long with a stop-loss of 203 for a target of 300+ level.
Disclaimer:This are just my views on the stock,no postion should solely be taken on its basis.posting this for my future reference.
-closed above strong resistance
-strong support from 50 EMA from lower levels
-rise in volume + RSI shows strength in momentum
-ADX rising MACD crossover done
-multiple confirmation keep on radar it can give good profit
Shipping CP India is making a huge Breakout in Monthly Timeframe, which is alomst 18 Yrs Breakout.
Weekly Timeframe confirms with a follow up candle.
Its a Buy on Dips Stock.
Buy at proper Demandzone for proper Riskreward. Better buy at retracement.
#SCI trading above Resistance of 199
Next Resistance is at 268
Support is at 150
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Multi year breakouts are indication of long-term trend change in a stock. It signifies investors perception change about a stock. Generally it has been seen that after multi-year breakout stock rally more than twice or thrice from the current price.
The stock chart of Shipping corporation of India has been shared in this illustration. The stock is giving all...
SHIPPING CORPORATION OF INDIA (Monthly Chart )
Roaming into the 15 years long resistance zone of 172-175.
Sustain above this zone will take it into the free sky
Rising container freight charges are positive for the shipping companies.
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