SCI looks food levels for short term
a. Zone: Neutral b. Resistance 1: 60.50 c. Resistance 2: 61.15 d. Support 1: 56.70 e. Support 2: 54.15 NSE:SCI
SCI after a uptrend with a fifth wave extension. was moved to a correction. the correction also has a Neo wave bow and tie pattern after which there was a sharp fall which can complete wave C. can SCI revere from this correction we need to wait until to get the confirmation.
Price is printing in bull flag pattern with increased volume. Break out flag with adequate volume may print the price near 69. Entry at near 60, put SL 53.95
Looking good for investing . Observing new trend in monthly charts. 9/26 crossover in daily charts bullish for short-term. Happy Investing.
Ascending Triangle formation at base.. BO likely in coming weeks probably after minor retrace...
The stock has been in an uptrend for a while now. The red lines in the chart are Action-Reaction Lines. Notice how these lines have acted as support / resistance. Next destination could be the top red line at 87.50-ish. But, for patient investors, this stock could deliver more is my guess.
It is been observed that the price action is correcting in Wave 4 and once the price action breaks above 78-80 levels then it shall begin with its WAVE 5 to achieve 110-115 target price levels.