SBCL setting out for good short to medium term upside.

٦ يناير

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 zone and 680. caution needs to be exercised at these levels.

** Aggressive entry can be made @ 609 but 615 level poses a strong resistance, hence risky.