Shipping Corporation of India - Forming Bullish Head & Shoulder
📈 Chart Analysis: On the weekly chart, Shipping Corporation of India (SCI) is showing signs of forming a "Bullish inverted head and shoulders pattern", which is typically a reversal structure that signals the resumption of an uptrend. The neckline resistance is placed near ₹245–₹250 levels, and a decisive breakout above this zone could unlock strong upside momentum.
📊 Trend & Support: The stock is trading along an established uptrend line, which acts as a "Dynamic Support Level". This trendline has been respected multiple times, reinforcing its validity. As long as the price sustains above this trendline, the bullish structure remains intact.
🔎 Momentum Indicators: RSI (Weekly) is currently around 56, showing neutral-to-positive momentum with room for further upside. Volumes have shown accumulation on upward moves, suggesting buying interest on rallies.
⚠️ Disclaimer:
This is a technical projection, not an investment recommendation. Any trading strategy should be established based on risk appetite, confirmation signals, and individual financial goals.
✍️ Prepared by: SEBI Certified Research Analyst (Not Registered)
📊 Trend & Support: The stock is trading along an established uptrend line, which acts as a "Dynamic Support Level". This trendline has been respected multiple times, reinforcing its validity. As long as the price sustains above this trendline, the bullish structure remains intact.
🔎 Momentum Indicators: RSI (Weekly) is currently around 56, showing neutral-to-positive momentum with room for further upside. Volumes have shown accumulation on upward moves, suggesting buying interest on rallies.
⚠️ Disclaimer:
This is a technical projection, not an investment recommendation. Any trading strategy should be established based on risk appetite, confirmation signals, and individual financial goals.
✍️ Prepared by: SEBI Certified Research Analyst (Not Registered)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.