#Spic cash : Rounded bottom pattern in uptrend#SPIC -POSITIONAL For 3-6 months
25.08.2022
Looks good at 60-61
for 88-90/120
Stoploss 52
Cmp 61
SPIC trade ideas
SPIC TARGET UPDATE 18-8-2022Look fresh in range 54-54 for upside 67 med term and 74 / 80 long term with SL 48..!!
100% upside / spic is ready for big moveweekly chart multiyear breakout/breakout of cup with handle pattern
SPIC | Good for Long NSE:SPIC
Cmp : 72.5
Breakout Retest
Stoploss : Closing Below 65.5 (As per your risk reward )
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
Breakout in Southern Petrochemical Industries Corp...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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 advisor before taking any trade.
Target 1 achieved in SPIC. Gain of 47% Target 2 is ON.This is follow-up on Southern Petrochemical Industries Corp. Can check link to related ideas.
Target 1 achieved. Gain of more than 47%. 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. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Southern Petrochem break out1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after quarter sales growth of 15%, quarter profit growth of 832%, and TTM sales growth of 15% and TTM profit growth of 318%, NSE:SPIC give a high volume break out on 21st March 2022 after a consolidation since July 2021. Today it came down to the previous resistance zone at Rs.68-69 and gave a bounce back. Buy with a stop just below Rs. 68.
Other fundamentals:
1. The company has reduced debt from 408 crores in March 2020 to 104 crores in September 2021.
2. The company has delivered good profit growth of 43.79% CAGR over last 5 years.
SPIC ready for 10% movement on a short periodNSE:SPIC
Cmp : 62
Increasing volume
SPIC ready for 10% movement on a short period
Closing above 69 will move bigger
#Study
Wave 5 extension 1. Stock has recently made All Time High and crossed wave 3 Resistance with strong Momentum.
2. Wave 4 terminated at first Fibonacci support level of 23.6% from the start of Wave 1.
3. Using the Fibonacci Trend-based extension from Wave 2 up-till wave 3, Wave 5 is expected at 0.618% of wave 4 extension at the price level of 100.
SPIC is looking good for a run today MACD , RSI and Volume all are indicating and exciting play .. Keep it on ur watch
Looking for multibagger? this could be the one!Have it!
Disclaimer: SEBI unregistered. Charts produced are for personal reference only and not any recommendations.
SPIC - BO Re-entry area for good RR trade.If u missed out on the BO try to time the entry at the given re-test point for good RR. For educational purposes only.
SPICo
SPIC chart is looking good, it has been consolidated for months in the range of 20 points, it has broken its resistance its target could be 20 points
SPICAll detail for chat. good entry at 67 around price. and must stoploss is 60 minimum risk and good profit. risk ratio 1:1 in first target. This is not call my idea only. Please understand your risk and take full responsibility of your actions
SPICSPIC is forming a ascending wedge pattern and is about to give breakout. Traders add it to the watchlist.
spic 1mtfVery gud for long term investment as decisively breakout the monthly trend and good for investment.......
Sothern Petro BullishSouthern Petro Seems strong weekly closing indicates Bullish Impulse Move may happen
concentrate if price sustain above 61 in daily
SPICSouthern Petrochemicals Industries Corporation Ltd
SPIC
CMP: 57
- Rising wedge pattern breakout with volume in monthly chart
- Descending Triangle pattern breakout and retest in daily chart
- New All Time High soon
Southern Petrochem SPIC Bullish SetupSouthern Petrochem SPIC Bullish Setup with high volume and and good fundamentals
SPIC 1D*for educational purpose only. It's not a call.
Stock has broken the resistance level, just look at it for some correction and can buy at support level.
Buy Today Sell Tomorrow: SPIC for more than 5%DON'T HAVE MUCH TIME TO TRACK TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
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.
