Shipping Corporation of India - Multi Year Breakout

Multi year breakouts are indication of long-term trend change in a stock. It signifies investors perception change about a stock. Generally it has been seen that after multi-year breakout stock rally more than twice or thrice from the current price.

The stock chart of Shipping corporation of India has been shared in this illustration. The stock is giving all time high breakout of around 170 after almost 15-years on daily, weekly and monthly time frame. The daily chart breakout has been confirmed but weekly and monthly chart breakout will come today and by end of this month respectively.

Disclaimer: The stock shared is only for educational purpose and does not involved any buying or selling recommendations.