SCI-Wave 5 loading ?!!

Analysis:
Shipping Corp of India appears to have completed a classic Elliott Wave 1–2–3–4 structure, with Wave 5 potentially underway.

✅ Wave 3 shows strong momentum, and
✅ Wave 4 found support near the 0.618–0.786 retracement zone – a healthy corrective pullback.
✅ RSI is rising from the 40 zone and now sits near 60, indicating growing strength without being overbought.
✅ Price structure remains intact – Wave 4 didn’t overlap with Wave 1, preserving the impulse validity.

🎯 Potential Target for Wave 5:

1.0 ext: ₹238

Extended move could stretch to ₹280–₹300+ if volume and momentum sustain.

Support Zones:

₹174 (previous breakout zone)

₹151–133 (Fibo clusters)

Watchlist Note: A breakout above ₹240 with volume could confirm the start of Wave 5. Keep an eye on price action and RSI divergence during this rally.