SCI- High-Volume Breakout Continuation

The Setup: Breakout and Launch Pad

SCI has confirmed a major, high-volume breakout from a multi-year consolidation base. The stock powered through the previous overhead supply zone (the box around ₹240 - ₹250) and is currently consolidating tightly just above this newly established support.

• The Breakout: The move above the resistance zone was backed by huge institutional volume, validating the transition into a strong Stage 2 uptrend.
  
• The Launch Pad: The price is currently forming a small, high-tight consolidation (a Flag/Handle) between approximately ₹240 and ₹275. This is a final clearing of supply and provides an ideal, low-risk setup for the next major leg of the trend.
  
• Trend Confirmation: The price is trading above all upward-trending key moving averages, establishing clear dynamic support beneath the price action.
  

Key Technical Confirmation

• Strong Relative Strength: The Relative Strength is decisively positive, confirming $SCIL is a market leader and is strongly outperforming its benchmark.
  
• Volume Spike: The volume on the recent breakout candles is excellent, showing large-scale participation that validates the move.
  
• Structural Integrity: The base is large, deep, and well-formed, suggesting a powerful and potentially long-lasting uptrend.
  

Trade Plan & Risk/Reward Advice

The advice is to wait for the stock to finish this tight consolidation to achieve the best risk/reward ratio. Buying the breakout from this current tight base minimizes the risk of getting caught in volatility within the range.

• Entry Signal: Wait for a decisive weekly close above the current consolidation high (above ₹275). The move must be accompanied by a noticeable increase in volume to confirm the strength.
  
• Stop Loss (Risk Management): Place a clear, objective stop loss below the low of the current tight consolidation box and the top of the initial breakout zone, for example, around ₹245 - ₹255.
  
• Target Expectation: Given the size of the multi-year base, the expectation is for a sustained move into new All-Time Highs. The "Weak High" near ₹375 is the first major psychological hurdle.
  

Potential Risks & Cautionary Notes

• Whipsaw Risk: Do not jump in on an intraday spike. Wait for a confirmed weekly close above ₹275 to avoid a short-term reversal.
  
• Failure to Hold: If the stock reverses and closes decisively below the major support at ₹220, the breakout is invalidated, and the position should be exited immediately.
  

#Disclaimer: This is for educational and observation purposes only and is not financial advice. Trade at your own risk.