Analysis:
Shipping Corp of India appears to have completed a classic Elliott Wave 1–2–3–4 structure, with Wave 5 potentially underway.
✅ Wave 3 shows strong momentum, and
✅ Wave 4 found support near the 0.618–0.786 retracement zone – a healthy corrective pullback.
✅ RSI is rising from the 40 zone and now sits near 60, indicating growing strength without being overbought.
✅ Price structure remains intact – Wave 4 didn’t overlap with Wave 1, preserving the impulse validity.
🎯 Potential Target for Wave 5:
1.0 ext: ₹238
Extended move could stretch to ₹280–₹300+ if volume and momentum sustain.
Support Zones:
₹174 (previous breakout zone)
₹151–133 (Fibo clusters)
Watchlist Note: A breakout above ₹240 with volume could confirm the start of Wave 5. Keep an eye on price action and RSI divergence during this rally.
Shipping Corp of India appears to have completed a classic Elliott Wave 1–2–3–4 structure, with Wave 5 potentially underway.
✅ Wave 3 shows strong momentum, and
✅ Wave 4 found support near the 0.618–0.786 retracement zone – a healthy corrective pullback.
✅ RSI is rising from the 40 zone and now sits near 60, indicating growing strength without being overbought.
✅ Price structure remains intact – Wave 4 didn’t overlap with Wave 1, preserving the impulse validity.
🎯 Potential Target for Wave 5:
1.0 ext: ₹238
Extended move could stretch to ₹280–₹300+ if volume and momentum sustain.
Support Zones:
₹174 (previous breakout zone)
₹151–133 (Fibo clusters)
Watchlist Note: A breakout above ₹240 with volume could confirm the start of Wave 5. Keep an eye on price action and RSI divergence during this rally.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.