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...
The 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 ?
Chart is explanatory. Add for 2X returns in coming months.
SPIC MULTI DECADE CHANNEL BREAKOUT IF SUSTAINED AND GIVES A CLOSING ABOVE 57.75-57.90 ABOVE THIS A GOOD BUY TARGET 110-120++
I believe it will race to its All Time High because the rounding bottom pattern looks quite clean. Very less Overhead supply.
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...
multiyear monthly chart channel breakout expect a minimum of 40% return
If it closes above the channel on a Monthly time frame then we can expect a good gain. CREDIT - The madras trader (youtube)
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...
IF IT BREAKS ABOVE 58. GOING IN THEN WHAT ARE YOUR ENTERY LEVELS ??
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 monthly chart has shown breakout after 20 years.. If sustains we will be seeing good momentum here