The bullish or Bearish flag pattern works in a very good way. Here in the chart of SCI daily timeframe, the pattern has given a breakout and can go for the target of 120.
This is only an analysis of mine, this is not a recommendation to anyone. Do your own research before entering in any stock.
This scrip is expected to give trendline breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
Butterfly pattern visible for Shipping Corporation of India
Most probably it will break out above as it is also forming bullish pennant structure.
once price trades above 125 its a good buy and target of 145 should be achievable in coming days.
Note: This analysis is for educational purpose only.
earlier I had posted for swing position.now in the weekly timeframe it has formed double bottom and seems bullish.under consolidation.seems a decent stock for long term
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
after breaking 11 year old resistance (100) after 2 attempt now trading above the same resistance forming descending triangle past 4.5 month
breakout of this triangle is on his ways
key level - 110
for accumulating and best buying zone
target - 123 , 130 , 140
stop loss - 110 (on closing basis for safe trader)
- 100
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