3MINDIA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 4.1

📊 Chart Patterns & Trend: The stock is trading well above its 50 DMA (33,715 ₹) and 200 DMA (31,554 ₹), showing strong bullish momentum. Price action indicates consolidation near 35,000–37,000 ₹ after a sharp rally from 25,714 ₹ lows.

📈 Moving Averages: Both 50 DMA and 200 DMA are trending upward. Current price (34,875 ₹) is above both, confirming long-term strength.

📉 RSI: At 55.2, RSI is neutral-to-positive, suggesting steady momentum without overbought risk.

📊 MACD: Strong positive MACD (366) indicates bullish momentum, supporting continuation of the uptrend.

📊 Bollinger Bands: Price is near the upper band, suggesting potential resistance around 37,000 ₹. A breakout above this level could trigger fresh highs.

📊 Volume Trends: Current volume (1,795) is slightly below 1-week average (2,177), showing moderate participation. Sustained higher volume will be needed for breakout confirmation.

🎯 Entry Zone: 33,500–34,000 ₹ (near 50 DMA support).

🚪 Exit Zone: 36,500–37,000 ₹ (resistance zone).

⚠️ Stop Loss: 32,500 ₹ (below 200 DMA).

📌 Overall Trend: Trending upward with consolidation near resistance. Breakout above 37,000 ₹ could extend rally.

Positive

• Strong ROCE (38.2%) and ROE (23.8%).
• Low debt-to-equity ratio (0.06).
• Quarterly PAT growth (178 Cr. → 191 Cr.).
• Stock trading above both 50 DMA and 200 DMA.
• 52-week performance strong (+81.2%).

Limitation

• High P/E of 70.9 vs industry average of 23.7.
• Low dividend yield (0.47%).
• Volume participation is modest, limiting breakout strength.
• PEG ratio of 3.29 indicates expensive valuation relative to growth.

Company Negative News

• FII holding reduced by -0.41%.

Company Positive News

• DII holding increased slightly (+0.02%).
• Quarterly profit growth of 43% shows strong operational performance.

Industry

• Industry PE at 23.7, much lower than company’s valuation.
• Sector remains competitive, with peers trading at more reasonable multiples.

Conclusion

⚖️ 3MINDIA is in a strong uptrend, supported by robust fundamentals and technical strength. Entry near 34,000 ₹ offers favorable positioning, with resistance at 37,000 ₹. While valuations are stretched, momentum indicators suggest potential for further upside if volume supports a breakout.