SCI - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.7

Here’s a detailed technical analysis of Shipping Corporation of India Ltd. (SCI) based on current indicators and chart behavior

📊 Trend Overview

Current Trend: Consolidating with Bearish Undertone Price is hovering near the 50-DMA (₹213) and slightly above the 200-DMA (₹204), suggesting indecision and lack of strong directional momentum.

RSI (46.2): Below neutral — indicates weakening buying strength.

MACD (0.31): Positive but flat — momentum is fading.

Volume: Significantly below 1-week average — low participation and conviction

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📈 Chart Patterns & Indicators

Moving Averages

Price > 200-DMA but ≈ 50-DMA → long-term support intact, short-term resistance.

50-DMA > 200-DMA → mild bullish structure.

Bollinger Bands

Price near mid-band — no breakout or squeeze pattern.

Support Levels

₹204 (200-DMA)

₹195 – ₹198 (historical support zone)

₹138 (52-week low)

Resistance Levels

₹220 – ₹226 (recent pivot zone)

₹240 – ₹250 (next resistance band)

₹297 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Neutral to Bearish

RSI below 50 and low volume suggest lack of bullish momentum.

MACD is positive but not accelerating — no strong upside signal.

Stochastic RSI & Oscillators: Mixed — some oversold signals, but no clear reversal

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🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹205 – ₹210 Near 200-DMA, potential bounce zone

Exit Target ₹226 – ₹240 Resistance zone, recent highs

Stop Loss ₹198 Below key support and trendline

🧠 Summary

SCI is in a sideways consolidation phase with a slight bearish tilt. Technical indicators show fading momentum and indecision. A bounce from ₹204 could offer a tactical entry, but upside may be capped unless volume and RSI improve. Traders should watch for a breakout above ₹226 to confirm trend reversal.

Want to compare this setup with other shipping or logistics sector stocks showing stronger momentum?

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