Shipping corporation of India or SCII bought SCI
Manual trend is bullish
Candle above 100 & 200 EMA
Bullish crossover in RSI
SL can be below 110
Targets above 145
SCI trade ideas
Swing trade atleast 20% returnHi All,
Please refer chart for detailed explanation on technical analysis.
Current price is low as compared to book value also there are high chances of Target 2.
I will be buying at all support zone because I'm very much sure that it will reach around 160 levels in few months.
For long term it can also go up to 200 levels.
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Feel free to leave any questions you have in the comments! I will gladly respond to them.
Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
RANGE BORANGE BREAKOUT AND TEST OF SUPPLY DONE. Prior uptrend, volume first decreases in range then increase on upward. test of supply done and confirmation with good risk reward
SCIlevels are as given on the charts. This is for Educational purposes only. Please consult your Financial advisor before investing.
Breakout of the decade. Buy SCI (2/10/21)SCI has given a rounding bottom breakout after 10 year long consolidation. The stock tried to breach 116 in the past however failed. This week after a 15% correction and months consolidation the stock successfully given a clear breakout. My long term target is around 400.
Target - 188, 221 Weekly
SL - 102 Weekly.
View - Medium term.
Time - 6 Months.
SCI bullish trend reversalSCI has finally broken out of the downward / sideways channel
Freight rates touching new highs, can move parabolic
for education purpose only
shipping corp at important zonecurrently its at a important zone as there is a confluence of descending triangle support line and the 200 ema , we can expect a good reversal from the support zone .
I'm a beginner , i'm just sharing my views .
Shipping Corporation Of IndiaBUY : Shipping corporation of india. Volatilty has come down dratically down.looks good for good upside
SCI wait for breakout For educational purpose only .
can go long as it is clean breakout from the levels.
SCI in range of breakout and its ready for breakout with limitedSCI in range of breakout and its ready for breakout with limited risk and higher reward
Drop a follow here: @Hishamudeen✺ Chart Type: Self Explanatorymonthly breakout
*buy at retest level
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➼My name is hisham and I am a 3rd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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