SPIC on the verge of breakout.Spic is breaking out after 3 years of consolidation.
This is only for educational purpose.
Please do your research for Buy/Sell
STHPT trade ideas
SPIC will only stop at station no. 120-possibility is very high that it will break upper resistance
-spending time near resistance with high volume shows strength
-in lower side there is 50 ema & trend support
-looking good for mid term
#SPIC (Weekly)⚡️Almost Zero Debt
⚡️5Y Profit Growth of 47% CAGR
⚡️ATH Breakout expected
⚡️Volatility Contraction Pattern
⚡️Ascending Triangle Pattern
🔴 SL 67
🟡 CMP 70
🟢 TGT 77/88/105
Southern Petrochemicals Industries Corporation Ltd-Looks to breakout from consolidation.
Buy between- 67-70
Keep SL at 64 on closing basis.
Target - 80,83,85
*Note only for educational purposes
SPIC Investment Time: Reversal TrendSpic Long-term Position can be invest here
Trade for longterm holding
SPIC - Bullish Swing ReversalNSE: SPIC is closing with a bullish swing reversal 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 8% to 14% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Pennant pattern BO in progress#SPIC
- BO in progress
- Above Key EMAs
- Bullish RSI
- Validated with Volume
SPIC long term investmentMulti year breakout stock : SPIC 🚀
Stock has broken out of its resistance trendline connecting the highs during ipo of the stock in 1999 , pattern looks more of like a breakout retest in 12months time frame
Fundamentals of the stock are also good :
# Low debt co
# Stock trading at a very low PE ratio of 4.5
# Constant growth year on year , boosting EPS
# Promoter holding of 50%
# Excellant cash flow , CFO/PAT of 2.3
# Reserves and Assets increasing
👉 Overall the stock is both fundamentally and technically very strong , looking very good to me for a multi bagger returns in long term , will be buying the stock on every dip as long as its trading above 50rs , no targets in the stock , upside is completly open
SOUTHERN PETROCHEM - BULLISH TRIANGLEBUY - SPIC
CMP - Rs. 68
Target - 1: Rs. 81
Target - 2: Rs. 90
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Technicals - Bullish Triangle
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This is just a view by an expert analyst, please invest at your own risk.
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SPIC Breakout Potential Southern Petrochemical looks ready for a good move.
Entry - Close above 69
Target - 78.80/91.70/101 (Short/Med/Long)
SL - 62
Views are personal, study the stock and trade responsibly.
#SPIC - Support & Resistance - Entry Levels - Bullish biasGood break out after more than a year of consolidation.
Looks like retesting and throwing weak hands.
Bullish Bias
#SPIC bearish - Support & Resistance
Disclaimer : only for learning purpose
SPIC for break out Please note this is for education purpose only.please do own research before you take a trade.
#SPICStock was recommended first at 60 levels now it has crossed ATH and again given BO with volume spurts... Favourable risk reward.
SPIC - LongSouthern PetroChemicals broke out of Counter Trendline, Retested and was moving up.
The recent market volatility took the stock down, currently taking support from the trendline.
CMP- 70
Target - 81/90.50
SL- 56
Tricky markets, Take smaller positions.
Study the stock & Trade Responsibly.
Southern petrochem break out
Stock try to give 20year break out,If stock sustain above 93 level then consider.
Before taking any position check your self.
btst trade spic is #btst trade good for also short term volume and rsi is also bullish and all fertilser stocks now time bulish
stop loss for btst 78
short term stoploss 71
SOUTHERN PETROCHEM SOUTHERN PETROCHEM chart is good
entry - 74.60 or mondey morning price (19-12-2022)
TG - 86 and
SL - 70
SPIC Breakout Big Breakout seen in Stock with Huge Volume.
Budget special stock -
Strong Financials and Fundamentals.
This is for Educational purpose no any trade recommendation.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
SPIC - BULLISH SETUPSPIC - Bullish Setup and working with support level. If It sustain above the levels tomorrow. It may blast soon..
This is for Educational Purpose Only.
