SPICSPIC
1) looks good above 48
2)wait for the trendline breakout to take entry
3) levels are mentioned in the chart
STHPT trade ideas
SPIC - Swing Buy 25-30%+ SPIC
Buy-Above 52
Sl-43
T-65 70
This is swing position add more qty above 58.
SPIC JUN 28th SWING ENTRY SPIC JUN 28th SWING entry
entry : 50.65 inr (only if a candle sustain above 50 price range )
STOP LOSS : 42
TARGET :58
Following 1:1 RRR
Pls Note that this is only for educational purpose to take trade accordingly
SPIC.LTD THIS STOCK HAS GIVEN MULTI YEAR BREAKOUT, ALL THE FERTILIZER STOCK ARE BOOMING BECAUSE GOVERNMENT HAS DECLARED 65000 CORE AS FERTILLISER SUBSIDY , THIS COMPANY IS AT TAMIL NADU , THE COMPANY BIGGEST CLIENT HAS BEEN GOVERNMENT OF TAMIL NADU , AGRICULTURE IS THE MAJOR INDUSTRIES IN THEIR .
TECHNICAL:-
CHANNEL PATTERN
ANY ONE CAN ENTER AT PRICE RANGE OF :- 6O/65
SUPPORT WILL BE :- 59
STOPLOSS :- 54
TARGET 1 :- 80
TARGET 2 :- 102
HOURLY CHART ANALYSIS OF SPICThe stock is in a good run, buying opportunities can be generated at good support levels.
Profit booking can be seen in the stock from few days
Good Buying around 60.
You must buy if the stock come to 0.5level.
Please tell me your views ?
SPIC M TFSPIC MULTI DECADE CHANNEL BREAKOUT IF SUSTAINED AND GIVES A CLOSING ABOVE 57.75-57.90 ABOVE THIS A GOOD BUY TARGET 110-120++
Southern PetrochemI believe it will race to its All Time High because the rounding bottom pattern looks quite clean.
Very less Overhead supply.
Remember SPIC !Do you guys remember SPIC. Who else a market enthusiast can forget Harshad Mehta.... The God Father of SPIC.
SPIC is trading a well respected channel since its inception in 1999.Now its again testing the upper trend line in weekly charts and strongly trying to get a breakout.
Wait for this month close.Lets hope for a breakout.Might be a wealth creator...
God Knows....
Harshad Mehta might be smiling from Heaven now...hihi.Just Joke
BREAKOUT after 21 YEARSIf it closes above the channel on a Monthly time frame then we can expect a good gain.
CREDIT - The madras trader (youtube)
Multi-year break out?Beautiful multi year channel pattern, this stock is following channel since last 2 decades, and being this bull market, most probably it will give breakout from this channel. It has no limit of upward movement once breakout happens, we will have to watch for atleast for A month, add few quantities at breakout, wait for conformation and again add some quantities after conformation, it may take time of 3-4 months. On doubt why this is one of the favorite stock of Rakesh Junjunwala.
EYES OF EVERYONE ARE LOOKING ON THIS STOCK IF IT BREAKS ABOVE 58. GOING IN THEN
WHAT ARE YOUR ENTERY LEVELS ??
SPIC : long term pick ...SPIC : CMP 55.50
trade set up :
1. buy above 58.40
2. keep stop loss as 46.35
3. targets : 67 / 93+
4. long term pick
technical buy based on :
1. rounding bottom pattern.
2. volume increase near breakout price.
3. multiple time frame analysis
SPIC - Channel Breakout - 20 yrs breakoutSPIC monthly chart has shown breakout after 20 years..
If sustains we will be seeing good momentum here
