SCI TA done support and resistance mark for learners try to draw support and resistance level on chart and then trade. SUPPORT and Resistance learning series by MCPRICEACTION
The triangle formation is clear, breakout with good momentum at either side can give a good opportunity to enter into a trade. Breakout at the upper trendline is highly likely but anyway wait for the conformation before entering.
SCI is making Cup with handle Closing above 117 will confirm the breakout Buy between 117.90 to 119.20 Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be...
120 being Monthly and also major Fib level Resistance. Make or Break One must patiently wait for the candle to break and settle beyond 120 lvl with good volume to enter the action. Earnings are on 27th of May and surprisingly there is a spike in volumes which indicates strong accumulations before earnings. P.S This Chart is for educational purpose only.
SCI is retesting the weekly breakout with a descending triangle on daily !! With Baltic Dry Index at 10 Year high, expect this one to make a swift move upto 118-120 in coming week !
SCI forming Bearish Butterfly Harmonic Pattern and can fall to 200 EMA.
Good opportunity to buy SCI ....recently given breakout
Support and Resistance Double bottom breakout Buy above 134 Target 164 SL 114
This is follow-up on Shipping Corporation of India. Can check link to related ideas. Target 1 achieved. More than 40%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
Shipping Corp.Of India (SCI): Trending up with the spike in volumes consistently. Buyer interest noticed. Levels are plotted on the chart. Happy trading folks! “Never, ever argue with your trading system” - Michael Covel Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and...
Presenting a small guide on how to trade breakouts from trading ranges. This trade has already happened, but similar ones can give wonderful profits! Comment, like and share...
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SCI Divestment View for Education purpose.. take position with SL as per your risk profile. Price to Book Ratio is 0.64 approx and govt plans to sell stake for budget income hence good upside ahead. Also, price run so far is genuine since FII are not in SCI and Govt holds majority stakes and Market float is less. Forming Double Bottom and trading level 99-100 is...
NSE:SCI Disclaimer: The view is for study purpose only, I am not a SEBI register person please contact your financial advisor before investing.