SPIC! Keep on waiting just like election. SPIC is trading near the strong support zone.
Hopefully, it will stay there for some time if it does not break the zone.
Might have to wait for its bouncing back.
0.48USD
37.42 MUSD
66.22 MUSD
About SPIC GDR
Sector
Headquarters
Chennai
Employees (FY)
580
Website
Founded
1969
ISIN
US8436131002
FIGI
BBG000MKLH27
Southern Petrochemical Industries Corp. Ltd. engages in the manufacture and sale of fertilizers. It operates through Agro Inputs and Others segments. The Agro Inputs segment includes operations in Urea. The Others segment focuses on agri business. The company was founded on December 18, 1969 and is headquartered in Chennai, India.
Long SPICEntry 48.65
SL 45
Target 68.35
Can exit with 2R or can book 50% and trail sl for Multi year BO
Note: Trade at your own risk.
Multiyear breakout of SPICThe stock had given a breakout and is retesting its support. Its good to go and buy this stock and can hold to minimum a 40% to 50% ROI.
SPIC:- Multiple Technical Breakouts and Strong FundamentalsTechnical Breakouts: SPIC is exhibiting a bullish breakout from both a resistance level and a triangle pattern, indicating a potential reversal of the previous downtrend and the initiation of a new bullish phase.
Robust Support Levels: The stock has found strong support from lower levels, with the 5
SPIC FORMING SYIMMERICAL TRAINGLESPIC forming traingle pattern its good brckout...follow strict sl and target
SPIC Analysis & PredictionThis is the analysis of SPIC in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Brea
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
LONGSOUTHERN PETROCHEM (SPIC)
CMP: 98
Monthly Chart (4 Feb 2024)
Key Study Points:
- 2 Years Consolidation Breakout
- 3Rd Attempt to breakout the consolidation zone
- Keep SL of 75 and keep Trailing the SL.
Disclaimers:
This chart & study is for Educational & Learning Purpose. This shouldn't be
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