SCI - Chart of the Week

### 🚢 **Shipping Corporation of India – Weekly Breakout Setup**

**Chart Type:** Weekly (1W)
**CMP:** ₹274.35
**Resistance Zone:** ₹270–₹280 (Breakout Zone)
**Next Major Target:** ₹345
**Support Zone:** ₹225–₹230

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### 📊 **Technical View:**

* After a long consolidation between ₹180–₹270, **SCI has given a strong breakout** with volume confirmation.
* **MACD crossover** on the weekly timeframe signals a new bullish cycle starting.
* **RSI rising above 60** indicates strong momentum build-up.
* Volume expansion supports accumulation and trend continuation.

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### 🎯 **Trade Plan:**

| Action | Level | Comment |
| ------------ | ------------------------------ | ----------------------------------------- |
| **Entry** | ₹275–₹280 (Weekly Close Basis) | Wait for a strong candle close above ₹280 |
| **Stoploss** | ₹225 (Weekly Closing Basis) | Below previous swing low |
| **Target 1** | ₹320 | Partial booking |
| **Target 2** | ₹345 | Positional target |
| **Target 3** | ₹400+ (Long Term) | If breakout sustains |

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### ⚙️ **Setup Type:**

✅ Positional / Swing Trade
⏰ Timeframe: 4–8 Weeks
📈 Risk–Reward: ~1:2.5

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### 🔮 **Arthavidhi View:**

SCI is showing a **trend reversal from bottom** with strong volume and MACD confirmation. If ₹280 sustains, it can head toward ₹345 in coming weeks. Watch for follow-through candles and sector momentum in Shipping/Logistics stocks.