SHIPPING CORPORATION OF INDIA; CMP: 205.85; RSI:40.20
Recent correction into the market, because of uncertain environment at home, has given good opportunity for new investor to take a position in the script. The script is in sideways flat consolidation with ABCD correction pattern. Soon the script will be out from the consolidation zone. Its good time to accumulate the script, between Rs: 188 to 210 zone; stop loss: 167. Upside breakout will be confirmed once script closes above 238.5.
Near Term Target 1: 280; (1 months’ time frame); Medium Term Traget 2 : 330-351 (4 months’ time frame)
✅Like & boost the idea and follow to never miss a new idea!✅
Recent correction into the market, because of uncertain environment at home, has given good opportunity for new investor to take a position in the script. The script is in sideways flat consolidation with ABCD correction pattern. Soon the script will be out from the consolidation zone. Its good time to accumulate the script, between Rs: 188 to 210 zone; stop loss: 167. Upside breakout will be confirmed once script closes above 238.5.
Near Term Target 1: 280; (1 months’ time frame); Medium Term Traget 2 : 330-351 (4 months’ time frame)
✅Like & boost the idea and follow to never miss a new idea!✅