The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Shipping Corporation ltd Will Touch 160 Levels In the Upcoming Days From the Current market price We can see a Reversal
NSE:SCI
we can see a strong momentum in upcoming days
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Disclaimer: This is not buy or sell signal it is just for educational purposes.
SCI is a cheap psu stock trading at 8x p/e and has not participated in the latest psu run. That said, it has failed to close above the 162 levels (0.5 fibonacci) for the 3rd time on daily charts. In the previous 2 instances the next move was a decent sell off. New longs only on 2 days closing above 162 levels.
SCI is looking good on longer time frame. Stock is getting ready for life time high breakout after consolidation of around 15-16 years. Keep on radar. PSU flavour is also there.
SCI - Multiyear BO approaching. Could be a good bet for next 6 months.
This is not a buy sell reccomdation. This is for my learning and recording purpose.
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Shipping Corporation of India is looking good on monthly time frame. Seems stock is getting ready for ATH breakout. Stock is consolidating since last 16 years. Keep on radar. SCI can give good returns if break & sustain the breakout level.
After multiple attempts to move out with a mini-shakeout as well, the counter looks to be making a re-attempt to push out. Pilot position here with a view to size up as this moves higher on confirmation. Volumes are encouraging for the day so far
NSE:SCI
has given breakout above 108 on weekly time frame
can give 40-50% gains from here
cmp is 108.50
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own...
--Breakout with good volume
--Buy at Cpm
--first Target 145+
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
-- Do your own analysis...
