All time high Breakout.
Good Volume seen in Weekly chart.
Target 123 ,175 .
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Bullish view on SPIC
Buy above 94
SL 85
Target 130+
Disclaimer -Do your analysis before invest.we are not responsible for your profit and loss, it's only for education purpose analysis.
SPIC LTD (Southern Petrochemicals Industries Corporation Ltd)
LOOKING GOOD FOR INVESTMENT PROSPECTIVE
BUYING RANGE- CMP
VIEW ONLY EDUCATIONAL PROSPECTIVE
FUNDAMENTALY COMPANY IS GOOD
ABOUT
Southern Petrochemicals Industries Corporation Ltd is engaged in manufacturing and selling Urea and Nitrogenous chemical fertilizer
Product Portfolio
The product offerings...
Following stocks have been discussed in the video
1. HG Infra
2. NFL
3. SPIC
Accumulation - Is always found on downside and any breakout may give 8-14% returns in short trade
Distribution - Is always found on top from where the price may reverse to downside
This video is made only for educational purpose. Do your own study before taking any trades.
SPIC has shown good volumes and a good closing above its all-moving averages.
Stock has also broken trendline, and has given good closing.
Stock can be seen chasing its 52 wk high of 90 range in coming days.
Southern Petrochemicals Industries Corporation (Swing):
A 30-60% up move is on the cards for swing.
Keep adding in chunks while script breaks the over head resistance at 70-75 or checks the demand zone.
Appropriate support, supply/demand zone, resistance and targets are highlighted.
Note: Do your own due diligence before taking any action.
I would be posting...
Spic always took the support from the level 68.90 so suggested to buy at this level there will be only short term target which is 90 and sl of 65/64... The buying is activated in this stock and can get target of 90...
Buying Activated for this stock at the level of 90...
Spic this company was trading in a range
it was just moved 100% from its 2000 levels means from 20 years stock was not perform well but now look at the eps it suddenly goes up
if market conditions remain same then this stock will give you good amount of returns in coming days....
one can hold it with TG OF 160
and SL of 60
IF YOU WANT TO EARN THEN YOU HAVE TO...
Recently Russia announced its plans to make the export of Fertilizers costly. The country plans to set its export tax for all types of fertilizers at 23.5% when the price is more than $450 a tonne.
Indian govt, too announced 51000 cr subsidy for fertilizers.
