A Long Term Trade |||I'm Very Bullish on #SCILAL Stock 🙂
Maybe Multibagger #Invest for long term.
Buy at CMP Target 2x
Thanks & Regards,
@VishwajeetSharma
SCILAL trade ideas
SCILAL bullish; above 107 ? - Tuesday 30-July.SCILAL: Headed higher if it overcomes the selling pressure around 107 on good volumes
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
SCILAL For Swing TradingThis chart is a daily candlestick chart for Shipping Corporation of India Ltd. (NSE: SCI). Here's an analysis of the stock movement Best Swing Trading
Price Levels:
Current Price: The current price is around INR 82.19.
Support Levels: There are support levels around INR 77.85 and INR 55.25.
Resistance Level: The chart shows a resistance level that has been breached recently.
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
SCILAL - Breakout With volumesBreaking out of range accumulation
Accumulated with pretty good volumes
Even breakout happening with hugh volumes
Expect big moves in coming days
SCI ka LAL bohot acha lag raha haiA perfect example of HH and HL in SCILAL
A good buy opportunity
Potential to go upside above 85 to 100 and 120......
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
RESISTANCE Breakout in SCILAL
BUY TODAY SELL TOMORROW for 5%
