Target 1 (40%) achieved. Target 2 is ON...This is follow-up on Shipping Corporation of India. Can check link to related ideas.
Target 1 achieved. More than 40%. 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.
SCI trade ideas
Shipping Corp.Of India (SCI): Trending up with spike in volumesShipping Corp.Of India (SCI): Trending up with the spike in volumes consistently. Buyer interest noticed. Levels are plotted on the chart. Happy trading folks!
“Never, ever argue with your trading system” - Michael Covel
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
SCI DivestmentSCI Divestment View for Education purpose.. take position with SL as per your risk profile. Price to Book Ratio is 0.64 approx and govt plans to sell stake for budget income hence good upside ahead. Also, price run so far is genuine since FII are not in SCI and Govt holds majority stakes and Market float is less. Forming Double Bottom and trading level 99-100 is retested after many years good days ahead.. Horizon 3-6 months or more
SCI Eliote and Neo Wave analysisSCI after a uptrend with a fifth wave extension. was moved to a correction. the correction also has a Neo wave bow and tie pattern after which there was a sharp fall which can complete wave C. can SCI revere from this correction we need to wait until to get the confirmation.
Shipping Corporation: Bullish Looking ChartThe stock has been in an uptrend for a while now. The red lines in the chart are Action-Reaction Lines. Notice how these lines have acted as support / resistance. Next destination could be the top red line at 87.50-ish.
But, for patient investors, this stock could deliver more is my guess.