SCI 230, POSSIBLY LOOKING FOR A TURN BACK TO 250+

Shipping Corporation of India (SCI) has shown a potential breakout on the daily time frame as it surpasses the ₹230 level. This price point previously acted as a resistance, and the breakout indicates bullish momentum, supported by increased trading volume. Analysts suggest further upside if the stock sustains above this level, with key targets around ₹245 and ₹260. However, if it falls below ₹230, a retest of ₹220 is possible.

Technical Highlights:

1. Momentum Indicators: RSI is near 50, showing room for further movement.


2. Trend Confirmation: Sustained closing above ₹230 strengthens the bullish trend.


3. Support Zone: ₹220 serves as immediate support.



Statutory Warning:

Trading and investing in stocks are subject to market risks. This is not investment advice. Always do your own research (DYOR) or consult a certified financial advisor before making decisions​​​​.