RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Green day on Thursday for The Shipping Corp of India Ltd
(Updated on Mar 28, 2024)

Sell candidate since Mar 07, 2024 Loss -7.81% PDF

The The Shipping Corp of India Ltd stock price gained 3.39% on the last trading day (Thursday, 28th Mar 2024), rising from ₹201.95 to ₹208.80. During the last trading day the stock fluctuated 6.48% from a day low at ₹199.10 to a day high of ₹212.00. The price has been going up and down for this period, and there has been a 4.77% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ₹1.01 billion.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹193.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.94% during the next 3 months and, with a 90% probability hold a price between ₹230.65 and ₹363.94 at the end of this 3-month period.

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SCI.NS Signals & Forecast

There are mixed signals in the stock today. The The Shipping Corp of India Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹222.35. On a fall, the stock will find some support from the short-term average at ₹198.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, February 05, 2024, and so far it has fallen -24.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for The Shipping Corp of India Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹185.60 and ₹183.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Shipping Corp of India Ltd finds support just below today's level at ₹185.60. If this is broken, then the next support from accumulated volume will be at ₹183.60 and ₹174.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹12.90 between high and low, or 6.48%. For the last week, the stock has had daily average volatility of 4.37%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SCI.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect The Shipping Corporation of India Limited to open at ₹206.63, and during the day (based on 14 day Average True Range), to move between ₹197.55 and ₹220.05, which gives a possible trading interval of +/-₹11.25 (+/-5.39%) up or down from last closing price. If The Shipping Corporation of India Limited takes out the full calculated possible swing range there will be an estimated 10.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹209.25 (0.22%) than the support at ₹185.60 (11.11%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is The Shipping Corporation of India Limited stock A Buy?

The Shipping Corp of India Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.488 Sell Candidate Unchanged

Predicted Opening Price for The Shipping Corporation of India Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹206.63 ( 1.04%) ₹208.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SCI.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 219.53 5.14 %
R2 214.61 2.78 %
R1 211.56 1.32 %
Current price: 208.80
Support S1 201.71 -3.40 %
S2 198.66 -4.86 %
S3 193.73 -7.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 230.95 10.61 %
R2 211.70 1.39 %
R1 209.25 0.216 %
Current price 208.80
Support S1 185.60 -11.11%
S2 183.60 -12.07%
S3 174.00 -16.67%

SCI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 22, 2022 Sep 22, 2022 Sep 22, 2022 ₹0.330 0.277%
2 Aug 17, 2021 Aug 17, 2021 Aug 17, 2021 ₹0.250 0.246%
3 Sep 09, 2020 Sep 09, 2020 Sep 09, 2020 ₹0.750 1.32%
4 May 30, 2011 Sep 14, 2011 Oct 18, 2011 ₹2.50 3.57%
5 Jan 20, 2011 Feb 11, 2011 Mar 03, 2011 ₹3.00 2.85%

FAQ

What is the symbol for The Shipping Corporation of India Limited Stock and on which exchange is it traded?
The symbol for The Shipping Corporation of India Limited is SCI.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell The Shipping Corporation of India Limited Stock?
The Shipping Corp of India Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy The Shipping Corporation of India Limited Stock?
The Shipping Corporation of India Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy The Shipping Corporation of India Limited Stock.

What's the current price of The Shipping Corporation of India Limited Stock?
As of the end of day on the 2024-03-28, the price of an The Shipping Corporation of India Limited (SCI.NS) share was ₹208.80.

What is the 52-week high and low for The Shipping Corporation of India Limited Stock?
The 52-week high for The Shipping Corporation of India Limited Stock is ₹290.75 and the 52-week low is ₹79.20.

What is the market capitalization of The Shipping Corporation of India Limited Stock?
As of the 2024-03-28, the market capitalization of The Shipping Corporation of India Limited is 97.259B.

When is the next earnings date for The Shipping Corporation of India Limited?
The upcoming earnings date for The Shipping Corporation of India Limited is May 07, 2024.
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About The Shipping Corporation of India Limited

The Shipping  of India Limited The Shipping Corporation of India Limited provides shipping services in India, Singapore, and internationally. It operates through Liner, Bulk, Tanker, Technical & Offshore, and Others segments. The company's fleet comprises bulk carriers, crude oil tankers, product tankers, container vessels, passenger-cum-cargo vessels, LPG carriers, and offshore supply vessels. Its bulk carriers transport cargos, including iron ore, coal, coke, grain, fertiliz... SCI.NS Profile

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