🚢 Shipping Corporation of India (SCI) – Strong Cup & Handle Breakout

🧩 Technical Structure The stock has formed a large Time-Frame Cup & Handle pattern on the Weekly chart, spanning nearly 10–12 months. Breakout Zone: ₹240–₹245 has been convincingly taken out with a long bullish breakout candle. Volume Confirmation: The breakout is supported by a sharp rise in volume, indicating institutional buying and trend strength. The prior smaller correction formed a mini-handle, showing healthy profit-taking before expansion. ✅ Positioning Strategy If already holding → Continue to trail stop-loss, avoid early profit booking. If fresh entry → Buy on retracement toward 250–255 zone instead of chasing highs. Wave structure suggests Wave 3 / expansion phase – best risk-reward is on dips, not at breakout candles. Momentum is strong, and the stock has entered fresh multi-month highs, suggesting a new trending phase. 🏛️ Fundamental / Theme Backdrop Government divestment/privatization expectations periodically re-rate the stock. Global shipping freight cycle picking up adds tailwind to revenue visibility. Asset-heavy business now seeing operational improvement + debt optimizing. Combined technical pattern + volume + macro theme = strong follow-through probability.