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.
עסקה פעילה
target 2 achived
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.