SHIPPING CORPORATION OF INDIA (SCI) – Ready for Big Bounce?
🟦 SHIPPING CORPORATION OF INDIA (SCI) – Ready for Big Bounce?
Shipping Corporation of India is showing early signs of a potential upside bounce, though this is still a pre-emptive setup and requires patience.
📊 Technical View
• Possible Inverse Head & Shoulder forming
• Right shoulder under formation
• Break & sustain above ₹280 = confirmation
• Stock corrected to 61.8% Fibonacci (~₹192) and has held this support multiple times
• Budget allocation towards shipbuilding adds a positive backdrop
• Volatility remains high, so risk control is critical
💰 Trade / Positional Plan
• CMP: ₹228.20
• Stop Loss: ₹189
🎯 Targets
• ₹280 (breakout trigger)
• ₹384
• ₹454
📌 Approach
• Prefer staggered entry
• Strict position sizing control
• Longer-term structure, not a chase
• Impatience = forced cut if sharp pullback comes
⚠️ Clarification:
Independent analysis. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. No fees charged – shared for educational purposes only.
📉 Disclaimer:
Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
✅ Above 280, structure activates. Till then, patience is the edge.
Shipping Corporation of India is showing early signs of a potential upside bounce, though this is still a pre-emptive setup and requires patience.
📊 Technical View
• Possible Inverse Head & Shoulder forming
• Right shoulder under formation
• Break & sustain above ₹280 = confirmation
• Stock corrected to 61.8% Fibonacci (~₹192) and has held this support multiple times
• Budget allocation towards shipbuilding adds a positive backdrop
• Volatility remains high, so risk control is critical
💰 Trade / Positional Plan
• CMP: ₹228.20
• Stop Loss: ₹189
🎯 Targets
• ₹280 (breakout trigger)
• ₹384
• ₹454
📌 Approach
• Prefer staggered entry
• Strict position sizing control
• Longer-term structure, not a chase
• Impatience = forced cut if sharp pullback comes
⚠️ Clarification:
Independent analysis. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. No fees charged – shared for educational purposes only.
📉 Disclaimer:
Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
✅ Above 280, structure activates. Till then, patience is the edge.
Trade ist aktiv
target 2 achived
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.