SCImost probably SCI should have completed the correction to start impulse mode. the position is favourable with low RR ratio.
SCI trade ideas
SCI - WEEKKLY CHARTSHIPPING CORPORATION cmp 140
stock is ready to give nice breakout in coming weeks.
one can enter with 25-30 % allocation of desired budget for this script.
Range is between 124 to 145
once stock start to sustain above 145 we may have more confirmation to add more qty
purely positional trade idea
SCI resistance breakoutHorizontal resistance breakout
Good volume breakout
Levels mentioned in chart
Only for educational purposes
scibuy near 140
keep 128 cbsl
and ride the trend
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 adviser before taking any trade.
SCI longNSE:SCI
Weekly breakout..
Buy at cmp for tgts 134.3-152.75-163.3++
SL below 116.75 weekly candle closing basis
SCI one shuld watch upmove with precaustion ??as it already moved up double bottom long trrm breakout may move more as per market condition and news but as usual one shuld confirm its techno and funda to decide on own risk .
Shipping corporation of India ltd break trend lineshipping corporation of India ltd reach the 52 week high. and also break the previous resistance line. remember that also its form the channel pattern so watch this pattern, if the pattern break down then fall again, if the pattern break up then price will high.
This is for my prediction only may be it will wrong also so watch carefully and this educational purpose only.
Short term performers: SCITaking Swing trades is not recommended in the bearish /falling markets. It is always a good idea to go with the momentum. Focus on changing portfolio everyday by taking BTST trades which lowers yours risk and maximises your returns.
ALWAYS GO WITH THE MOMENTUM, NEVER TRY TO CATCH A FALLING KNIFE.
Buy Today Sell Tomorrow (BTST) trades are the best in my opinion in every market conditions
- Take trades at the closing of market
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
SCI going up after good retestNSE:SCI has given a retest of the break out. I am seeing Target of Rs190.
Good support at 50SMA
BreakoutsLook at past breakouts as well.
Showing steady progress with frequent Breakouts
Hope history tends to repeats
#SCI long term opportunity#SCI long term opportunity
Target -148/159+
SL-126
CMP:140 @21 November 2021
timeframe- 2-3 months
#SCI #PRICE ACTION #SHIPPING SECTORTRADE wisely.
WE CAN JUST PREDICT.
Company has a healthy Interest coverage ratio of 29.80.
The Company has been maintaining an effective average operating margins of 23.44% in the last 5 years.
Company’s PEG ratio is 0.12.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
SCINote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Shipping Corporation India - monthly break outShipping corporation india as per the montly chart pattern is in a break out and above 145 level and target 159 level
SCI, good move expectedR BREAK OUT, RSI, BB SUPPORTIVE, WITH CROSS OVER , good upward movement expected
Buyon weekly time frame it gives trend line breakout and retrace also
Now in daily time frame it gives strong bullinsh candle with good volume
Witch confirms the bullish trend
RSI also above 60
SCI Long position. Strength candle in weak market. Stock had given a breakout recently. But the market conditions changed and today the stock has shown signs of strength.
