SCI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of Shipping Corporation of India Ltd. (SCI)

📊 Trend Analysis

Current Trend: The stock is in a moderate uptrend, trading above both its 50 DMA and 200 DMA. However, recent price action suggests short-term consolidation.

Momentum: Slightly bullish. RSI at 57.3 and MACD at 0.91 indicate upward bias, but not strong momentum.

📈 Moving Averages

50 DMA: ₹213

200 DMA: ₹207

Current Price: ₹219

Interpretation: Price is above both averages, confirming a bullish undertone. The 50 DMA is trending upward, supporting short-term strength.

📉 MACD & RSI

MACD: Positive at 0.91, suggesting mild bullish momentum.

RSI: Neutral-to-bullish at 57.3 — no overbought signal, but room for upside.

Conclusion: Momentum indicators support a buy-on-dips approach, though confirmation is needed for breakout strength.

📊 Volume Trends

Current Volume: 14.96 lakh

1-Week Avg Volume: 21.41 lakh

Interpretation: Volume is below average, indicating reduced participation. A volume spike near resistance would confirm breakout potential.

📉 Bollinger Bands

Price is likely near the middle band, reinforcing the consolidation view. A breakout above ₹225–₹230 with volume would confirm bullish continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 213 50 DMA, short-term support

Support 2 207 200 DMA, strong base

Resistance 1 225 Near-term resistance zone

Resistance 2 250–274 Major resistance zone (52w high)

🎯 Entry & Exit Zones

Optimal Entry: ₹213–₹217 (on pullback with confirmation)

Exit Zone: ₹250–₹274 (partial profit booking near resistance)

🔍 Summary

Trend: Mild uptrend with short-term consolidation

Momentum: Neutral to slightly bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹213–₹217 with targets around ₹250–₹274. Monitor RSI and MACD for breakout confirmation.

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