Bullish on Shipping Corporation: Somil Mehta, Sharekhan

Somil Mehta, Sr technical Analyst, Sharekhan, in a chat with ET Now talks about Shipping Corporation.

Do you like anything in the shipping pocket?

Absolutely, I like all of them. They have just broken out of a triangular pattern. They have been consolidating from last couple of weeks and just broken out from these patterns and Shipping Corporation has the best bet right now. 10-15% of rise is expected from hereon. The target would be around 200 and the stop loss would be around 165.