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.
액티브 트레이드
target 2 achived
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.