The stock of Shipping Corporation of India broke out of a resistance at ₹240 on Thursday as it rallied about 8 per cent for the session. It led to the scrip marking a fresh high of ₹253.90. The breakout has opened the door for another leg of uptrend. Supporting this, the price action shows that the stock has confirmed an inverted head and shoulder pattern, indicating a bullish reversal. That said, one should note that the stock might moderate a bit before the next upswing. Buy the stock at ₹250 and on a dip ₹235. Place stop-loss at ₹215. When the price rises to ₹285, trail the stop-loss to ₹260. When the stock hits ₹315, raise the stop-loss further to ₹295. Book profits at ₹340.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on October 24, 2025
