SCI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.1

Technical Analysis Report for Shipping Corporation of India (SCI)

• Trend Status: Trending upward with strong momentum
• Moving Averages: Price above both 50 DMA (₹231) and 200 DMA (₹214) — bullish alignment
• RSI: 63.5 — moderately strong, nearing overbought zone
• MACD: Positive at 11.6 — bullish crossover, confirms upward momentum
• Bollinger Bands: Price near upper band — breakout continuation possible
• Volume: Below weekly average — momentum slowing, watch for confirmation

Entry & Exit Zones

• Support Levels: ₹231 (DMA 50), ₹214 (DMA 200), ₹200 (trendline)
• Resistance Levels: ₹268 (minor resistance), ₹280 (52-week high)
• Optimal Entry: ₹240–₹250 (on pullback or consolidation)
• Optimal Exit: ₹275–₹280 (near resistance zone)

Positive

• Strong MACD and RSI — confirms bullish momentum
• Quarterly PAT doubled — ₹343 Cr. vs ₹172 Cr.
• FII holding increased by 0.35% — foreign investor confidence
• Dividend yield of 2.54% — attractive for income investors

Limitation

• Volume below weekly average — momentum may be fading
• PEG ratio of 16.5 — expensive on growth-adjusted basis
• ROCE (10.1%) and ROE (11.0%) — moderate efficiency

Company Negative News

• No major negative news reported, but volume drop suggests caution

Company Positive News

• EPS of ₹18.7 — strong earnings base
• Quarterly profit variation of 19.6% — consistent growth

Industry

• Shipping and logistics sector — cyclical but supported by global trade recovery
• Industry P/E of 13.6 — SCI trades in line with sector average

Conclusion

Shipping Corporation of India is currently trending upward with strong technical indicators and improving fundamentals. While volume has dipped, RSI and MACD suggest continued bullish momentum. Traders may consider entries near ₹240 with exits around ₹280, keeping an eye on volume confirmation and resistance levels.