Shipping Corporation of india: Massive multi month breakout
Shipping Corporation of India Limited (SCI) has just delivered a powerful structural breakout on the daily timeframe. After trading in a wide consolidation range for nearly a year, the stock has decisively surged past a major resistance level, signaling the start of a potential multi-month uptrend.
Key Technical Observations:
Major Horizontal Breakout: The stock has cleared the critical ₹279.40 resistance zone. This level had acted as a ceiling during multiple attempts since late 2025; flipping this into support is a highly bullish structural shift.
52-Week High Momentum: By trading at ₹303.10, the stock is at new 52-week highs, indicating a lack of immediate overhead supply and strong institutional interest.
Volume Confirmation: The breakout is supported by a massive volume spike of 15.01M, which is significantly higher than the average daily volume. This confirms that the move is backed by strong accumulation.
Moving Average Power Trend: The price is trending well above its 20, 50, and 100-day EMAs. The shorter-term averages are angling upward sharply, providing a dynamic "wind at the back" for this momentum move.
Trade Setup:
Entry: Current Market Price (₹303.10) or on a minor "throwback" toward the breakout level of ₹285 - ₹290.
Stop Loss (SL): ₹265 (Placed below the breakout candle low and the immediate horizontal support).
Targets:
Target 1: ₹340 (Immediate psychological resistance)
Target 2: ₹385+ (Based on the measured move from the 1-year consolidation base)
Disclaimer:
This analysis is for educational and informational purposes only. Trading in the stock market involves significant risk. Please perform your own research or consult with a SEBI-registered financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
Key Technical Observations:
Major Horizontal Breakout: The stock has cleared the critical ₹279.40 resistance zone. This level had acted as a ceiling during multiple attempts since late 2025; flipping this into support is a highly bullish structural shift.
52-Week High Momentum: By trading at ₹303.10, the stock is at new 52-week highs, indicating a lack of immediate overhead supply and strong institutional interest.
Volume Confirmation: The breakout is supported by a massive volume spike of 15.01M, which is significantly higher than the average daily volume. This confirms that the move is backed by strong accumulation.
Moving Average Power Trend: The price is trending well above its 20, 50, and 100-day EMAs. The shorter-term averages are angling upward sharply, providing a dynamic "wind at the back" for this momentum move.
Trade Setup:
Entry: Current Market Price (₹303.10) or on a minor "throwback" toward the breakout level of ₹285 - ₹290.
Stop Loss (SL): ₹265 (Placed below the breakout candle low and the immediate horizontal support).
Targets:
Target 1: ₹340 (Immediate psychological resistance)
Target 2: ₹385+ (Based on the measured move from the 1-year consolidation base)
Disclaimer:
This analysis is for educational and informational purposes only. Trading in the stock market involves significant risk. Please perform your own research or consult with a SEBI-registered financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。