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
SCI trade ideas
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 performance
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 - 0.32
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.
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 %
Shipping Corporation of India Ltd *Shipping Corporation of India Ltd.*
C&H Formation on Yearly Basis.
Price BreakOut & Sustained
Vol. BuiltUp Continued.
RSI: 1H >D>W>@M
Strong Resistance @116.5/125/136
Sea Trade Volume Growing.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
Trendline Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
Please consider these ideas for educational purpose
Comment below if you are looking for any answers.
