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
SCI trade ideas
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
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
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.
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.
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 demand
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 %
SCI About to break ATH for an ROI of 30% in Short term.SCI has taken all the liquidity at ATH. It is inching to break ATH soon.
A price compression Breakout is visible, a probable retest in progress, any reversal at 148 one may consider for an entry, target till 175 and then 200.
Mostly found in consolidation Sci backtested
Found consolidation more on ever small move.
Again one can see it's consolidation
Stocks is good fundamentally
SCI buy near 140within ascending triangle pattern buying near 140 can be good buy for long term tgt can be 200
SCI - M ChartWhere it will be headed?
This is just for education and understanding.
Please contact to your advisor before any position.
sci has sold one of its product tankers named M.T. Sampurna Swarajya for an undisclosed amount, according to a Friday filing.
The vessel was physically handed over to the unnamed buyer at the Ennore Anchorage in Tamilnadu, India.
SCI Weekly TFTriangle Breakout with good Volumn
Once Previous High is broken, we can see a rally.
Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do research and take your own risk.
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 😇
SCI BULLISHSCI above 113 can do 150, keep the stoploss at days low, add small quantities before breakout
SCILooks like it's time for SCI after Mazadock and GRSE have given a good run in the last few weeks.
Techically and Fundamentally a decent stock
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.
Trendline Breakout in Shipping Corporation Of India Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SCI SHIPPING CORP Buy LevelNSE:SCI is now near to its major support level. My idea is to take buy entry at level of 115 with stop loss of 105 (-10 points). My expected upside target will be 122 & 133.
Note: This is my personal analysis, only for learning. Thanks.
SCI: Bullish EngulfingBUY trigger: If it is open below or around @137 with Target @143
SELL trigger: If it is open above or around @144 with Target @138
NSE:SCI
Disclaimer - This post is only for educational purpose and do not treat it as a trading recommendation.
Sci Sci good for a momentum upmove
Sl accordingly
Tgt minimum 10%
Good for monthly trade
Ask your financial advisor before taking any action based on my view
Only for educational purposes
Shipping Corporation of India - SCIMy trailing system for any stock or Index This is based on Price Action Entry and Exit are clearly defined This is a silent replay of the system on daily chart Anybody interested in learning the system can contact me
Shipping CP India Rounding Bottom formation*Shipping CP India*
Time Frame: Daily
Observation:
* Rounding Bottom formation
* Swing High Break
Resistance/Target: 144 163 181 193
Support: 115 104
