LONGCurrently on strong support, possible targets are given once breaching important resistances. Fundamentally good in terms of revenue growth.
SCPL trade ideas
SCPL - POSITIONAL BUYLooks very good for positional trade
Reasons:
1. Earnings Gap & sustaining it
2. Breakout on weekly
Can add on retest to breakout levels with stoploss of 5-6%.
Swing Opportunity in $NSE:SCPL Dear Followers,
I hope this Message finds you well. I wanted to bring to your attention a potential swing trade opportunity that aligns with our investment strategy. Please note that this is for informational purposes only, and it's essential to conduct your own thorough research or consult with a financial advisor before making any investment decisions.
Stock: NSE:SCPL
Current Price: 322
Potential Entry Point: 310-315
Target Price: 380,420,450
Stop-Loss: 270
Reasons for Consideration:
Technical Analysis: EMA, Trade Line, Support and Resistance
Fundamental Analysis: Promoter holding is above 65 %, Past Results are Good
This is not a recommendation but rather an idea worth exploring further. It's crucial to assess your risk tolerance and investment goals before considering any trade. If you have any questions or would like more information, feel free to reach out.
Best regards,
Prachi M
