Pain since 1.5 months, progressive, MRI suggestive of Labral tear from 12 o clock to 2 o clock position (called SLAP tear type 2) with 'biceps tendon' anchor also involved. Progressive pain means the tear could have progressed. Not much bothered with coracohumeral ligament tear. In my opinion you require a diagnostic arthroscopy + reattachment of torn labrum (i.e. repair of SLAP lesion)- It is a minimally invasive procedure done with a camera.

Take analgesics and analgesics ointment Do physiotherapy.

Non surgical treatment for 1 month Rest to shoulder Regular medicine