After breaking the confluence of the down trend line as well as the resistance levels 95-109 it had formed a base of 17Weeks and 37% range where it retested the resistance which turned into a support. We see a good volumes coming up over the past few weeks showing strength. It is now above all its key moving averages. 135-143 shall now act as an initial support...
NSE:STCINDIA cmp 153 heading towards 250-300 The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is...
Follow simple rules. Redline = SL Greenline = BO Blueline = Possibility
STCINDIA Looks good for swing trade. Trading at 153...keep sl at 124..target 220
NSE:STCINDIA viewpoint the stock has given good breakout on weekly time frame around 80 can give quick 30% gains in coming months cmp is 90 once it gives breakout above 120 levels, it has potential to reach 190-200 patience is the key here this analysis is for knowledge sharing and educational purpose . this post is not a buy or sell recommendation.
Stock has given BO on daily and weekly chart with good volume, follow chart for proper support and resistance levels.
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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.
Reason for long a) cup and handle pattern for long b) volume spike with price hike
Sl compulsory Duration 4 weeks volume supports the price hike pattern breakout scenario.
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