amjai85

Shipping Corp of India SCI - Short term

Long
amjai85 Updated   
NSE:SCI   SHIPPING CP INDIA
one can look for short term positional trade in SCI, the candle stick pattern look like mother & baby candles, where all the smaller red/green candles are within the Mother (green big candle) with very narrow range movement, the volumes of Mother candle are exceptional & that of the baby candle are very low, making it an ideal pattern...one can enter on BO above mother candles high or at CMP with a SL of Mother Green candle low. Disc : Invested for medium term from lower level, not a reco for Buy or sell but for study purpose. DYOR.
Comment:
118.90 to 128.85, the script moved well, formed an evening star candle pattern on daily chart, at short term resistance. trying to break out from the mother candle.

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