Look fresh in range 85-90 for upside 140 med term and 180 long term with SL 70..!!!
Stock after recovering from the all time low it came to near support zone. Need to watch whether this support holds or breaks.
Taking support in trendline. If moves up, can go till 106. For educational purpose only.
Long STCINDIA CMP 113.55 for 138/157 view negated below 99
Good to add near cmp to till 101 SL below weekly supertrend 77 Target 2x
state trading corporation long term chart
Trendlines are marked. Though in daily TF you can see, today it broke the immediate 3 months resistance. This could indicate to the potential breakout of the biggest resistance this scrip has ever broken. Also see, how the daily volumes have been building up on bullish days when compared to bearish days.
13 week cup and handle base. around 2 week handle. Volume contraction is very good. shakeout in the base only red flag is 33% depth of the cup. if stays above 70 (weekly S/R) - may touch 100.
BUDGET RELLY PULL THIS STOCK UP TO 130 BUY BETWEEN 110-115
Long term is good for STCINDIA from CMP 272, stock can be added here for target 350+