Shipping Corporation Of India Limited Shipping Corporation Of India Limited As the Price in correction mode Presenting Buying opportunity, RSI is also indicating Bullish hidden divergence wait for the price to retrace deeper into the support for better risk to reward.Longby gakingofkings442
SHIPPING CORP OF INDIA LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh3
Just A View - At Support - SCI📊 Script: SCI 📊 Sector: Shipping 📊 Industry: Shipping Key highlights: 💡⚡ 📈 Script is trading at support level which is near 280 which was previously working as resistance, we may see some good rally from here. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 285 🟢 Target 🎯🏆 - 300/330 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂Longby radha_2314
SCI-2-BOTTOM'S UP - ACCUMULATESHIPPING CORPORATION OF I NSE:SCI NDIA CMP: 208.80; RSI:48.50 As per wave analysis, ABC correction cycle is at its last stage and fomed a bottom. Its good time to accumulate the script, between Rs: 200 to 225 zone; stop loss: 187 Upside breakout will be confirmed once script closes above 238.5 Near Term Target 1: 280; (2 months time frame) Medium Term Traget 2 : 330-351 (4 months time frame)by DrPrashantVermaUpdated 31
SCI | SWING | LONG Price is making a base near ATH Price is being followed by 20 EMA, showing momentum Volume dry-upLongby devgupta200204Updated 1119
SCILooks Good on charts. Above all Key EMA. Short term Target 290. Do Like ,Comment , Follow for regular Updates... Keep Learning ,Keep Earning... Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.by VpktradesUpdated 9968
SCI Breakout happend in this stock with rising 200dma. Keep your risk and reward ratios according to your own preferance. This is for educational purpose, do your own research before investing. Longby HV0906045
Double Bottom Breakout - Keep An Eye - SCI📊 Script: SCI 📊 Sector: Shipping 📊 Industry: Shipping Key highlights: 💡⚡ 📈 Script is going to give breakout of Double Bottom on daily chart keep an eye on stock, breakout is above 235. 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Already Crossover in Double Moving Averages. 📈 Right now RSI is around 61. 📈 One can go for Swing Trade. BUY ONLY ABOVE 235 ⏱️ C.M.P 📑💰- 232 🟢 Target 🎯🏆 - 254 ⚠️ Stoploss ☠️🚫 - 223 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂Longby radha_23Updated 28
Breakout Sci gave triangle pattern breakout with good volumes, highly recommended for buy atleast 2-3 months , my upside target is 40%+ from 230 . Longby YashMehta_2213
Shipping Corporation Of India Showing Expected Up-Side MomentumCompany has reduced debt. Company has delivered good profit growth of 24.4% CAGR over last 5 years Strengths Long track record of operations along with diversified business segment SCIL is one of the largest shipping companies in India with an operational track record of around six decades. It benefits from the experienced management of qualified professionals and nominees of GOI. The long track record has helped them establishing relationships with major PSUs in India like IOCL, HPCL, BPCL, ONGC, etc. The company have diversified business segments which includes crude oil/product tankers, dry bulk, offshore services, and container operations, and has a presence in passenger vessels, chemicals, and gas transportation. SCIL currently has the largest fleet size of 59 vessels; a relatively younger fleet, with an average age of around 11-12 years which helps them in getting better charter rates and achieving higher operating efficiency. Vessels on behalf of third parties, primarily Public-Sector Units (PSUs)/Government Departments/Union Territories are also managed for service income. Currently, SCIL are managing 53 third party vessels. Acuité believes that SCIL will continue to benefit from its long operational track record and established relationship with the PSU's./b] Strategic importance to Government of India With more than six decades of operational track record, SCIL, remains strategically important to the Government of India. The company have been playing a pivotal role towards supplying vessels for the Indian Government key operations such as Mars Orbitter Mission of ISRO (Indian Space and Research Organisation) and other defence missions via agreement with DRDO (Defence Research and Development Organisation). Furthermore, SCIL have created strategic alliances with other governments such as Maldives, Andaman & Nicobar Islands for providing maritime services among islands. They have also been serving projects of national importance by partnering with ONGC and Geological Survey of India (GSI) for offshore services. Apart from that, the company deployed its container vessel on direct "India - Middle East Shipping Service" which connects East & West Coast of India with Middle East ports of Jebel Ali and Hamad and will also cater to other ports in Persian Gulf. Stable business operations The business operations of the company remained stable over the years marked by healthy growth in revenue from operations by -25% CAGR over FY21-23 period. The consolidated company achieved revenues of Rs.5794.01 Cr. in FY23 compared against Rs.4988.08 Cr. in FY22 and Rs.3698.09 in FY21. The improvement in revenue is attributable to significant improvement in liner freight indices and bulk segment due to significant improvement in charter rates. A surge in the tanker charter hire rates helped the Tanker Segment to post significant profits. The dry bulk segment is still recovering from historically bad period and loss of key cargoes such as iron ore exports from India, resulting in long non-profitable ballast legs thereby putting pressure on earnings. Although, in later parts of 2020, dry bulk trade recovered remarkably well on account of stimulus packages given by various governments and with China, the main driver of dry bulk demand, recovering quickly from COVID-19 crisis. Simultaneous occurrence of multiple factors conducive for the dry bulk shipping business, viz., spike in dry bulk materials demand, strong trade in grain, coal and iron ore segments, low active fleet growth maintaining tonnage balance etc. gave a good push to the dry bulk rates. Also. strong trade growth and tapering dry bulk carrier deliveries bode well for the near future. Healthy Financial Risk Profile The financial risk profile of the company remained healthy marked by strong net worth, gearing ratio and comfortable debt protection metrics. The tangible Net worth of the company stood at Rs.6902 crore in FY2023 as against Rs.5974 crore in FY2022. The debt/equity of the company improved and stood comfortably at 0.37x and 0.53x as on 31 March 2023 and 31 March 2022 respectively. The TOL/TNW of the company improved and stood low at 0.66x as on 31 March 2023 compared against 0.82 times as on 31 March 2022 respectively. The debt protection matrices of the compar mained comfortable marked by interest- coverage-ratio of 9.45x and Debt-service e ratio of 2.30x for FY2023. Acuité believes that financial risk profile of SCIL may remain strong owing to no major capex plans and stable profit accretions.Longby iism-ExpertTrading9
SCI TREND ANALYSIS (FALLING WEDGE PATTERN IN DAILY TIME FRAME)SCI had a falling wedge pattern in daily time frame. As per my analysis a sharp rally can be noticed in coming days. Longby ELEARNSTOCKTRADER8
SCI base formation SCI making base for another round of rally, currently looking good risk reward ratio, expecting it to touch recent highs in upcoming daysLongby ashishgoswami17065
SCIThis stock breakout in M TF and now retest and D TF major trendline breakout so TGT will be up to 50% and This is only for educational purpose Longby Tradestratzy5
SHIPPING CORPORTATION OF INDIASHIPPING CORPORATION OF INDIA - Formation of base around Fib Golden zone is visible. - Break out from Trendline Resistance. - Should go 238--258--278 in mid run. - Support at 189by ChartsParadise3
SCI near its crucial resistance - A GOOD BET SCI, near its crucial resistance. Breakout above 162, will take the price upto Rs 190. SCI: CMP: 158.65 Resistance : 160-163 Option 1: Aggressive Bet- Buy on confirm volume and price breakout above 162,if stock closes above it. SL: 160; time duration 4-5Week; Target 170-178-190 Option 2: Wait for a DIP, Buy as close to 145, for target of 158-163-170-178-190 SL:140 Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performanceLongby DrPrashantVermaUpdated 1112
SCI - Poised for a 10-15% upmove swing tradeThe stock is hovering around it's All time high. It looks poised to break it's ATH. Trend - up. RSI - Supporting > 60. Buying pressure observed on each demand. Entry - 170 - 172. Target 1 - 188-191. Target 2 - 199-201 Target 3 - 208-210. Longby RugminikUpdated 10
This PSU stock is breaking out of 16 years resistance and is at This PSU stock is breaking out of 16 years resistance and is at ATH now Longby Njan_pavam3
Shipping Corporation India Monthly Chart AnalysisShipping Corporation India has given multiyear strong breakout on monthly chart with huge volume spike. we can consider this stock for long term at current market price 183 with sl of 129 Company has delivered good profit growth of 24.1% CAGR over last 5 years Debt to Equity - 0.32Longby TITC117
SCI is on good support Area we can see 10% Upside SCI has Given Breakout for ATH and after Taking Reversal market is on 15 Min SUpport we can see 10% Upside In few days and a Good 40% MOve in Near months we should keep this in our Watch list Longby TRADERSMONK072
TRADE SETUP_ bottom in place for SCI _ 30% upside potentialThis PSU stock has made a bottom on 25th Oct after completing a zig zag correction starting 11th Sep. This particular bottom shall be considered as a wave iv bottom of an ongoing impulse wave that began in April this year. The stock is now expected to take off in wave v towards 170 zone providing a good 30% upside potential. The Oct bottom of 128.5 can be used as a crucial support for the stock(also SL) to the rally that has already begun. CMP 135 SL 127 TARGET 170 NOTE*- Kindly do your own research/analysis before taking any financial positions. The above stated views on the chart are my personal views/opinions and to be treated as such.Longby neeraj_2_sharmaUpdated 6
15 years breakout in SCI swing trade idea Stock name- SCI BUY 155+ SL 135 TARGET 300+ Disclaimer - This is not a buy and sell tips it's only for education purpose analysis.we are not responsible for your profit and loss.Longby bishnoiop552
SCI Positional Pick LongSCI Cmp 146 Keep Sl 113 For target 185-257-328.95 Time frame 3-4 weeks Fundamentally Ok no issue Multiple inside Bar Breakout above 150 Currently trading with strong Volume+ Sector also in demandLongby IOTABHI6
Shipping Corporation of India Ltd STOPLOSS 145 - TARGET IN CHART FUNDAMENTALS Market Cap ₹ 7,553 Cr. Current Price ₹ 162 High / Low ₹ 164 / 79.2 Stock P/E 8.67 Book Value ₹ 137 Dividend Yield 0.26 % ROCE 10.3 % ROE 13.3 % Face Value ₹ 10.0 Promoter holding 63.8 % EPS last year ₹ 17.2 EPS latest quarter ₹ 3.16 Debt ₹ 2,605 Cr. Pledged percentage 0.00 % Net CF ₹ 34.2 Cr. Price to Cash Flow 5.15 Free Cash Flow ₹ 990 Cr. Debt to equity 0.41 OPM last year 26.9 % OPM 5Year 26.8 % Reserves ₹ 5,906 Cr. Price to book value 1.23 Int Coverage 5.69 PEG Ratio 0.36 Price to Sales 1.36 Sales growth 3Years 9.40 % Profit Var 3Yrs 53.5 %Longby madhu28114