TECHNOE - Swing Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Swing Trade Rating: 3.7

📊 Analysis Summary

TECHNOE (Technocraft Industries) presents a mixed setup for swing trading. While there are signs of strength in fundamentals and recent earnings, technical indicators suggest caution in the short term.

✅ Positive Indicators

Strong Quarterly Profit Growth (↑73.6%)

PAT jumped from ₹96 Cr. to ₹135 Cr., indicating momentum in earnings.

Low Debt (D/E: 0.01)

Virtually debt-free, which is excellent for stability during market swings.

Trading Near DMA 50 (₹1,458)

Current price is hovering around this level, which could act as support or resistance.

DMA 200 at ₹1,316

Long-term trend is bullish; price is well above this level.

52W Index: 65.1%

Strong performance over the past year.

⚠️ Cautionary Signals

High P/E: 45.0 vs Industry PE: 23.8

Significantly overvalued, which limits upside potential.

PEG Ratio: 3.53

Indicates expensive valuation relative to growth.

RSI: 43.7

Neutral zone — not oversold or overbought. No strong momentum signal.

MACD: -12.8

Bearish momentum still in play. Wait for a crossover or flattening.

Decline in FII/DII Holdings

Institutional sentiment is weakening slightly.

🎯 Optimal Entry Price

Entry Zone: ₹1,430–₹1,445

Slight dip below DMA 50 could offer a better risk-reward setup. Watch for reversal signals.

🚪 Exit Strategy (If Already Holding)

Exit Target: ₹1,520–₹1,550

Short-term resistance zone. Consider booking profits here unless momentum improves.

Stop Loss: ₹1,410

Below recent support and psychological level.

Would you like a comparative swing trade setup between TECHM and TECHNOE to decide which offers better short-term potential?

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