CHENNPETRO - Swing Trade Analysis with AI Signals

Last Updated Time : 05 Nov 25, 7:43 am

Swing Trade Rating: 4.4

📈 Current Price: ₹982

📊 RSI: 72.7 (Overbought zone)

📈 MACD: 49.4 (Strong bullish momentum)

📈 DMA 50 / 200: ₹778 / ₹710 (Price well above both averages)

📈 Volume: 1,18,82,007 vs 1Wk Avg 1,65,06,213 (Slightly below average)

💰 Market Cap: ₹14,620 Cr

📈 Qtr Profit Growth: +216%

📈 FII Holding: +0.02%

📈 DII Holding: +0.12%

📌 Optimal Entry Price

🎯 Entry Range: ₹940–₹960 (Wait for pullback from overbought zone)

📤 Exit Strategy

💡 Exit if: Price approaches ₹995–₹1,015 or RSI remains above 70 with declining volume.

✅ Positive

• Massive quarterly PAT turnaround from loss to ₹732 Cr
• EPS of ₹76.2 indicates strong earnings
• Price above both 50 DMA and 200 DMA confirms bullish trend
• Low P/E (12.9) compared to industry average (20.3)
• MACD shows strong upward momentum

⚠️ Limitation

• RSI above 70 suggests overbought conditions
• ROCE (4.04%) and ROE (2.10%) are relatively weak
• PEG ratio of -0.26 indicates valuation concerns
• Volume slightly below weekly average

📰 Company Negative News

• ROCE and ROE remain low despite profit surge
• PEG ratio negative, suggesting unsustainable growth expectations

📈 Company Positive News

• Quarterly PAT jumped from -₹56.6 Cr to ₹732 Cr
• Both FII and DII holdings increased

🏭 Industry

• Industry P/E: 20.3 (higher than stock P/E)
• Petrochemical sector benefits from global demand and refining margins

🔚 Conclusion

CHENNPETRO is a strong swing trade candidate with a sharp earnings rebound and bullish technicals. However, RSI suggests caution due to overbought conditions. Ideal entry lies between ₹940–₹960 on pullback, with exit near ₹995–₹1,015. A stop-loss below ₹920 is recommended to manage risk.

I can also track RSI and MACD shifts for CHENNPETRO to alert you when a better entry window opens.