It has made a breakout in higher time frame suggesting further continuation of uptrend. Could be accumulated between 115-130 for upside levels of 175/200/250. View would negate below 105
SCI: Service Corporation International 2021-05-03 16:00:00 Service Corporation International Announces First Quarter 2021 Financial Results And Increases 2021 Guidance
In a down trend RSI Divergence indicating further fall
The above analysis is done purely based on price action and chart patterns. The analysis is done on Weekly TF hence it can take couple of days to couple of weeks/months to reach the target. Logic as well as the trade setup (Entry, SL and Target) is shown in image itself. The above analysis is purely for educational purpose. Traders must do their own study...
SCI Breakout possibility here week below 85 but breakout upside looks very good
www.tradingview.com BUY SCI (shipping corporation of india) PRICE : 93 TO 98 STOP LOSE : 82.3 TARGET : 107, 114, 123
SCI - Daily Elliot Wave Analysis Wave : = 31.45 - 64.75 = 33.3 = 64.75 - 50.05 = 50.05 - 104.30 = (33.3 * 1.618) + 50.05 = 104.3 Wave 4 Possibility = 91.4 ** Wave 5 Possibility = 100 - 104 lvls ** (**) refer notes Elliot Wave Analysis Notes (**) There is a likely possibility of wave 5...
Following is just my thought process. This is in no ways a recommendation. I just want to share and learn! Kindly Trade at your own risk Following Reasons for bullish view 1.) Price taking support at Weekly Trendline 2.) Price taking support at weekly HORIZONTAL support zones (Support zone can be found on zooming out the chart to Feb & Nov 16 time frame) 3.)...