NSE: SPIC is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 16% to 26% gain on...
In the Weekly Chart of SPIC ,
we can see that, After breakdown, it is trying to comeback strong.
It will soon turn bullish.
Expected momentum is shown in chart.
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.
Technical 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 50-day exponential moving average (EMA) providing additional...
This 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 Breakout is a bullish signal for stocks.
There are some prediction...
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...
SOUTHERN 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 construed as an advice to Buy / Sell / Hold. Pls consult your...
Ascending Triangle Breakout Setup
Double top, ATH breakout
RSI above and rising
Trading above EMA50
Massive Volume spurt
Possible targets 129>>140>>+
SL>> 82
For study only, Not a recommendation
Hello Everyone, i have brought another stock which has given breakout of long Rising Ascending Channel on monthly timeframe, actually this stock already have given breakout and retest, and i have been little late in catching this gem on right time, but still there is a lot energy has remain to go more upside from here, but in case you guy's get some down momentum...
Observation of Chart
Breakout of ascending triangle pattern breakout with wide range weekly candle
Break 2 Year high of 93 with huge volumes
RSI above 60 & Relative strength positive
One may take entry between 94-98 by keeping SL as 84.
Chart Pattern based target are 130--150
