taken support from main trendline and breaking falling wedge pattern RSI above 50 showing future strength
SBCL can possibly give an approximately 15% up-move if crossed 618 with a strong candle supported by good volumes as retest of the rectangular base breakout is done and now is the opportunity for safe entry. Though first entry was at 562- 565 zone at consolidation breakout. Volumes, momentum are good an RS is improving. ** Might face some Resistance @ 626-631...
Stock is showing double bottom pattern. Expected target 720 if it honours the pattern.
Buy SBCL 560 -570 sl 539 Can test 608 It is a fundamentally good company with good prospects
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1% - 2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose
Stock is in Ascending upward channel pattern. One can plan their trade as per their risk appetite. This post is only for education purposes. Please note - Am not SEBI registered. This is not a call or trading recommendation. Please do your own analyses for any positions.