Ship is sailingBought SCI at 56 with sl below 53.90 on daily closing basis. I am expecting minimum 10 % upmove. I expect cou ter to take out high of 67
SCI trade ideas
SCI - Cup and Handle FormedDouble Bullish Pattern. After forming a CUP the handle is formed in an Ascending Triangle which after breaking the 63.70 resistance will reach the PT of 75.
Buy at 64 book profit at 74.
heiken ashi trend given buy single heiken ashi trend given buy single, the price corrected from 65 to 55 and its looking for resistance @85rs so in my views it may go up to100rs but in short term minimum 85rs, and they have very attractive results
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.
Swing Long- SCI with a target 69Price is printing in bull flag pattern with increased volume. Break out flag with adequate volume may print the price near 69. Entry at near 60, put SL 53.95
SCI Investing monthly chartLooking good for investing .
Observing new trend in monthly charts.
9/26 crossover in daily charts bullish for short-term.
Happy Investing.
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.
Shipping Corporation of India - TRENDING UPIt is been observed that the price action is correcting in Wave 4 and once the price action breaks above 78-80 levels then it shall begin with its WAVE 5 to achieve 110-115 target price levels.
