--Breakout with good volume
--Buy at Cpm
--first Target 145+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis...
Reason for long
a) HSP set up but not yet break out
b) long above 105 only (daily closing)
c) QQE positive
d) Super trend positive
e) super vwap positive
f) channel breakout
SL compulsory
As per mgmt SCI Land Asset should be listed within 15 days and Disinvestment will definitely be made by Year end, can expect a BEML like movement in this stock too
NSE: SCI is closing with a bullish momentum 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 13% gain on deployed...
Shipping Corporation Of India(SCI) near to 15 years breakout. stock continuously takes resistance to trendline and now very close to breakout. closely watch these stock. NSE:SCI
NSE:SCI has showed yup a great breakout followed by great retracement and now getting up with volumes go ahead and create positions.
stoploss for the trade will be swing low.
BUY - SHIPPING CP INDIA
CMP - Rs. 103
Target - 1: Rs. 124
Target - 2: Rs. 145
Target - 3: Rs. 170
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Technicals - Bullish Symmetrical Triangle with Supply-Demand zones highlighted.
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Why Should You Invest in This Stock?
a) Low P.E. ratio of 6
b) Company has delivered good profit growth of 24.5% CAGR over the last 5 years
c) Company's working capital...
This stock has been displaying an ascending triangle pattern with more demand.
The volumes in buy candles are more indicating accumulation.
Slow moving stock , perhaps good for long term.
Inv H&S indicates a target close to 124 levels beyond which we may be able to see a breakout.
May take couple of weeks.
Swing trade opportunity in SCI
Entry - 122.8
Target - 147
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the 27th March, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
one can look for short term positional trade in SCI, the candle stick pattern look like mother & baby candles, where all the smaller red/green candles are within the Mother (green big candle) with very narrow range movement, the volumes of Mother candle are exceptional & that of the baby candle are very low, making it an ideal pattern...one can enter on BO above...
