Price and trend forecast of SCI for Tomorrow, Weekly, Monthly
Shipping Corporation Of India Limited
Symbol: NSE:SCI
ISIN: INE109A01011
211.57
As on 2024-12-20
SCI's Today's Performance
Shipping Corporation Of India Limited started the day by opening at 220.00 today 2024-12-20. Its shares reached a high of 222.10 and dipped to a low of 210.00 in intraday. When the markets closed, SCI’s stock price settled at ₹211.57 per share. Also check out its key support and resistance levels.
SCI Buy/Sell Targets
Tomorrow, sell SCI when its price reaches ₹ 211.57 with a stop-loss order at ₹ 215.57. You can set the target price as ₹ 207.57 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of SCI for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for SCI
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 219 |
| Tomorrow Down Target 2 | 227 |
| Tomorrow Down Target 3 | 231 |
Important Levels for SCI
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 207 |
| Tomorrow Up Target 2 | 202 |
| Tomorrow Up Target 3 | 195 |
Based on where the stock opens tomorrow, if SCI opens on a positive note, our first target will be ₹219. If Target 1 is achieved, we will aim for Target 2 which is ₹227.
But if SCI falls below the average value of ₹214.56, you can enter a sell side position with target number 1 - ₹207 and second target - ₹202 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of SCI
Looking at SCI, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, SCI has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SCI is strong bearish.
Tomorrow's Volume based share price Forecast for SCI
SCI's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 235%.
Reversal detection for SCI
SCI may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹219 in morning tomorrow
| Target 1 tomorrow | 219 |
| Target 2 tomorrow | 222 |
| Target 3 tomorrow | 227 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with SCI's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if SCI opens on a positive note, our first target will be ₹219.11. If Target 1 is achieved, we will aim for Target 2 which is ₹226.66.
But if SCI falls below the average value of ₹214.56, you can enter a sell side position with target number 1 - ₹207.01 and second target - ₹202.46
SCI's Weekly Targets
| 1st Up Target | 228.58 |
| 2nd Up Target | 245.59 |
| 1st Down Target | 202.28 |
| 2nd Down Target | 192.99 |
As the week for SCI ended on bearish sentiments, we can expect further continuation of this sentiment. SCI's initial target will be 228.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 202.28 in the upcoming week.
Weekly OHLC Values
| Open | 231.98 |
| High | 236.30 |
| Low | 210.00 |
| Close | 211.57 |
Week for SCI started with an open price of 231.98, and the close was at 211.57. SCI reached the highest of 236.30 and dipped lowest up to 210.00 last week. This indicates a bearish sentiment for the week.
SCI full month swing targets
| Monthly Up Target 1 | 254.88 |
| Monthly Up Target 2 | 271.89 |
| Monthly Down Target 1 | 175.98 |
| Monthly Down Target 2 | 140.39 |
Targets of ₹254.88 can be expected to be reached in the coming month. Once SCI achieved this target, we can aim for the next upside target of ₹271.89.
SCI if fails to hold upside, down targets of ₹175.98 and ₹140.39 can be achieved by end of this month.
For complete three weeks if SCI is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as SCI
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
SCI is expected to reach the target of 219.11 in tomorrow's trading session.
After achieving the initial target in SCI, we will aim for higher targets of 226.66 tomorrow.
However, if SCI starts to trade below ₹214.56, then we will shift our focus to the sell side and aim for down targets of 207.01 and 202.46.