Shipping Corporation of India Ltd – Preparing for a BreakoutShipping Corporation of India LimitedNSE:SCITrendxincShipping Corporation of India Ltd – Preparing for a Breakout SCI 📈 Pattern & Setup: Shipping Corporation is displaying a clean **re-accumulation structure** after multiple shakeouts and strong absorption near 200 levels. The recent volume buildup hints that institutional players are quietly adding positions. Price is now **hovering close to the long-term descending resistance line**, showing tight consolidation near the upper boundary — a typical pre-breakout behavior. The controlled pullbacks and low-volume retracements confirm that supply is drying up. If the stock manages to close above 275–280 with volume, it could mark the start of a fresh uptrend phase targeting its previous highs around 380+. 📝 Trade Plan: ✍Entry: Above 280 (weekly close confirmation) 🚩Stop-Loss: 245 (below recent higher low) 🎯Targets: Target 1 → 330 Target 2 → 381 (around 40% potential move) 💡 Pyramiding Strategy: 1. Initiate 60% position above 280 on breakout confirmation 2. Add 40% above 300 once price sustains with volume 3. Trail stop-loss to 265 once stock closes above 320 🧠 Logic Behind the Setup: After a strong shakeout in Aug-2025, SCI entered an absorption phase with rising demand and falling supply. This type of setup often precedes large directional moves, especially when backed by visible volume contraction and re-expansion patterns. Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.