[Premium] Trade Of The Week

JC Parets
November 29, 2021

This week we’re looking at a long setup in the Services sector. While there is weakness in the market, we're observing pockets of strength as well.

Let's take a look at what we have today!

Shipping Corporation of India has made its way to our Trade of the Week post this time around.

For quite some time, the stock has been moving sideways and has also attempted to break out above the level of 145-146. In the week gone by, we finally got a big base breakout!

We're now looking at an 11-year breakout. You read that right, there's an 11-year base breakout in SCI.

The indicator too is in a bullish regime, indicating the growing strength that we're seeing in the price.

We are bullish above the level of 145, with a target close to 220.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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