TRADE SETUP_ bottom in place for SCI _ 30% upside potential
This PSU stock has made a bottom on 25th Oct after completing a zig zag correction starting 11th Sep.
This particular bottom shall be considered as a wave iv bottom of an ongoing impulse wave that began in April this year. The stock is now expected to take off in wave v towards 170 zone providing a good 30% upside potential.
The Oct bottom of 128.5 can be used as a crucial support for the stock(also SL) to the rally that has already begun.
CMP 135
SL 127
TARGET 170
NOTE*- Kindly do your own research/analysis before taking any financial positions. The above stated views on the chart are my personal views/opinions and to be treated as such.
This particular bottom shall be considered as a wave iv bottom of an ongoing impulse wave that began in April this year. The stock is now expected to take off in wave v towards 170 zone providing a good 30% upside potential.
The Oct bottom of 128.5 can be used as a crucial support for the stock(also SL) to the rally that has already begun.
CMP 135
SL 127
TARGET 170
NOTE*- Kindly do your own research/analysis before taking any financial positions. The above stated views on the chart are my personal views/opinions and to be treated as such.
Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.