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.
交易進行
target 2 achived
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