Shipping Corporation of India Shows Mixed Technical Trends Amid Market Challenges

Shipping Corporation of India (SCI), a midcap player in the transport services sector, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 219.50, showing a slight increase from the previous close of 216.90. Over the past year, SCI has faced challenges, with a notable decline of 33.62%, contrasting with a modest gain of 2.36% in the Sensex during the same period.
In terms of technical indicators, the weekly MACD suggests a bullish sentiment, while the monthly outlook presents a mildly bearish stance. The Relative Strength Index (RSI) indicates a bearish trend on a weekly basis, with no significant signal on a monthly scale. Bollinger Bands and moving averages show a bullish trend on daily metrics, while the KST reflects a bullish weekly position but a mildly bearish monthly outlook.

Looking at the company's performance over various time frames, SCI has demonstrated resilience with a remarkable 399.15% return over the last decade, significantly outperforming the Sensex's 192.82% return. This long-term performance highlights the company's ability to navigate market fluctuations effectively.