TECHNOE - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 4.2
| Stock Code | TECHNOE | Market Cap | 15,126 Cr. | Current Price | 1,300 ₹ | High / Low | 1,655 ₹ |
| Stock P/E | 29.9 | Book Value | 336 ₹ | Dividend Yield | 0.69 % | ROCE | 16.6 % |
| ROE | 12.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,153 ₹ | DMA 200 | 1,188 ₹ |
| Chg in FII Hold | 0.12 % | Chg in DII Hold | -0.33 % | PAT Qtr | 152 Cr. | PAT Prev Qtr | 123 Cr. |
| RSI | 67.4 | MACD | 53.6 | Volume | 3,07,406 | Avg Vol 1Wk | 3,27,830 |
| Low price | 870 ₹ | High price | 1,655 ₹ | PEG Ratio | 2.17 | Debt to equity | 0.01 |
| 52w Index | 54.8 % | Qtr Profit Var | 45.2 % | EPS | 45.7 ₹ | Industry PE | 19.0 |
TECHNOE shows strong potential for swing trading. The current price of ₹1,300 is well above both the 50 DMA (₹1,153) and 200 DMA (₹1,188), indicating bullish momentum. RSI at 67.4 suggests the stock is approaching overbought levels, while MACD at 53.6 confirms strong upward momentum. Fundamentals are solid with positive EPS (₹45.7), low debt-to-equity (0.01), and consistent profit growth. However, the stock trades at a premium compared to the industry PE (29.9 vs. 19.0), which may limit upside in the medium term.
💡 Optimal Entry Price: Around ₹1,280–₹1,300 near current support.
💡 Exit Strategy (if already holding): Consider exiting near ₹1,500–₹1,520 resistance unless momentum continues strongly.
✅ Positive
- Strong EPS (₹45.7) and consistent profitability.
- Quarterly PAT improved from ₹123 Cr. to ₹152 Cr. (+45.2%).
- Low debt-to-equity (0.01) ensures financial stability.
- Trading above both 50 DMA and 200 DMA, confirming bullish trend.
⚠️ Limitation
- High RSI (67.4) indicates near overbought conditions.
- Stock PE (29.9) is higher than industry PE (19.0), suggesting valuation premium.
- DII holdings decreased (-0.33%), showing reduced domestic institutional confidence.
📉 Company Negative News
- Valuation premium compared to industry peers.
- Overbought RSI may lead to short-term correction.
📈 Company Positive News
- Quarterly profit growth of 45.2% shows strong operational performance.
- FII holdings increased (+0.12%), reflecting foreign investor interest.
- Stable dividend yield (0.69%) adds investor appeal.
🏭 Industry
- Industry PE at 19.0 is lower than TECHNOE’s 29.9, showing sector valuations are more modest.
- Sector momentum remains strong, supporting bullish sentiment.
🔎 Conclusion
TECHNOE is a strong candidate for swing trading with entry near ₹1,280–₹1,300 and exit around ₹1,500–₹1,520. Solid fundamentals, profit growth, and bullish technicals support upside potential, though traders should watch for overbought signals and valuation risks. A strict stop-loss strategy is recommended.