3MINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | 3MINDIA | Market Cap | 37,460 Cr. | Current Price | 33,241 ₹ | High / Low | 38,300 ₹ |
| Stock P/E | 69.1 | Book Value | 1,570 ₹ | Dividend Yield | 0.48 % | ROCE | 50.0 % |
| ROE | 30.0 % | Face Value | 10.0 ₹ | DMA 50 | 32,515 ₹ | DMA 200 | 32,683 ₹ |
| Chg in FII Hold | 0.02 % | Chg in DII Hold | -0.05 % | PAT Qtr | 185 Cr. | PAT Prev Qtr | -113 Cr. |
| RSI | 57.9 | MACD | 197 | Volume | 2,993 | Avg Vol 1Wk | 16,990 |
| Low price | 27,830 ₹ | High price | 38,300 ₹ | PEG Ratio | 7.47 | Debt to equity | 0.10 |
| 52w Index | 51.7 % | Qtr Profit Var | 160 % | EPS | 464 ₹ | Industry PE | 18.4 |
📈 Chart Patterns: Price is consolidating near 50 DMA (32,515 ₹) and 200 DMA (32,683 ₹), showing stability with mild bullish undertone.
📊 Moving Averages: Current price (33,241 ₹) is above both DMAs, reflecting positive bias and trend support.
📉 RSI: At 57.9, RSI indicates neutral-to-positive momentum, not yet overbought.
📈 MACD: Strongly positive at 197, confirming bullish crossover and momentum strength.
📊 Bollinger Bands: Price is mid-band, suggesting consolidation with potential breakout if volume rises.
📉 Volume Trends: Current volume (2,993) is significantly below average weekly volume (16,990), showing weak participation in the current move.
🎯 Entry Zone: 32,500 ₹ – 32,800 ₹ (DMA support)
🚪 Exit Zone: 34,500 ₹ – 35,200 ₹ (resistance before 38,300 ₹ high)
📌 Trend Status: Consolidating with bullish bias
Positive
- Quarterly PAT rebounded strongly (185 Cr vs -113 Cr)
- High ROE (30%) and ROCE (50%) indicate strong efficiency
- MACD bullish crossover supports momentum
- Price trading above both 50 & 200 DMA
Limitation
- High P/E ratio (69.1) vs industry PE (18.4)
- Low trading volume compared to average
- PEG ratio (7.47) suggests expensive growth valuation
Company Negative News
- DII holdings declined (-0.05%)
- Valuation concerns due to high multiples
Company Positive News
- Strong EPS at 464 ₹
- Dividend yield of 0.48% provides stability
- FII holdings slightly increased (+0.02%)
Industry
- Industry PE at 18.4 highlights sector trading at lower valuations
- Sector showing moderate growth with stable fundamentals
Conclusion
⚖️ 3M India is consolidating with bullish signals supported by MACD and RSI. Entry near 32,500–32,800 ₹ offers favorable risk-reward, while resistance at 34,500–35,200 ₹ may cap short-term upside. Long-term investors should be cautious due to stretched valuations, but efficiency metrics and profit rebound provide strong positives for momentum traders.
Would you like me to extend this into a swing trade strategy with holding period guidance, or a peer benchmarking overlay comparing 3M India’s valuation and momentum against sector peers?