3MINDIA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

Technical Analysis Report

• Trend Status: Trending upward with mild consolidation
• Moving Averages: Price (₹30,854) is above both 50 DMA (₹29,808) and 200 DMA (₹30,133), indicating bullish bias
• RSI (48.1): Neutral zone, no strong momentum signal
• MACD (-16.1): Bearish crossover, suggesting short-term weakness
• Bollinger Bands: Price near upper band, indicating potential pullback
• Volume: Above average (5,709 vs 2,682), showing increased interest
• Support Zones: ₹30,150, ₹29,800
• Resistance Zones: ₹31,200, ₹32,000
• Entry Zone: ₹29,800–₹30,150 (near support)
• Exit Zone: ₹31,200–₹32,000 (near resistance)

Sources: ET Money Technicals, Daily Bulls Forecast

Positive

• Strong ROCE (38.2%) and ROE (23.8%) reflect efficient capital usage
• Low debt-to-equity ratio (0.05) ensures financial stability
• Quarterly PAT increased from ₹71.4 Cr to ₹178 Cr (+13.1%)

Limitation

• High P/E ratio (70) compared to industry average (25.4) suggests overvaluation
• MACD turning negative indicates short-term bearish momentum
• RSI near 50 shows lack of strong directional bias

Company Negative News

• Minor decline in FII holding (-0.41%) may reflect cautious foreign sentiment

Company Positive News

• EPS of ₹441 is robust, supporting long-term valuation
• Dividend yield of 0.54% adds shareholder value

Industry

• Conglomerates sector is showing mixed signals with selective growth
• Industry P/E of 25.4 is significantly lower than 3MINDIA, suggesting premium pricing

Conclusion

• 3MINDIA is in a mild uptrend with consolidation signs
• Entry near ₹29,800–₹30,150 is favorable for medium-term positioning
• Exit near ₹31,200–₹32,000 is ideal for short-term gains
• Investors should monitor MACD and RSI for momentum confirmation