BASF - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | BASF | Market Cap | 14,846 Cr. | Current Price | 3,435 ₹ | High / Low | 5,400 ₹ |
| Stock P/E | 35.6 | Book Value | 919 ₹ | Dividend Yield | 0.58 % | ROCE | 14.7 % |
| ROE | 10.9 % | Face Value | 10.0 ₹ | DMA 50 | 3,640 ₹ | DMA 200 | 3,977 ₹ |
| Chg in FII Hold | 1.21 % | Chg in DII Hold | -0.13 % | PAT Qtr | 63.6 Cr. | PAT Prev Qtr | 105 Cr. |
| RSI | 37.1 | MACD | -33.4 | Volume | 17,817 | Avg Vol 1Wk | 22,232 |
| Low price | 2,907 ₹ | High price | 5,400 ₹ | PEG Ratio | 12.2 | Debt to equity | 0.03 |
| 52w Index | 21.2 % | Qtr Profit Var | 93.2 % | EPS | 96.3 ₹ | Industry PE | 29.6 |
- 📈 Chart Patterns: BASF is trading at 3,435 ₹, showing weakness after testing highs of 5,400 ₹. Support lies around 3,400–3,450 ₹, resistance near 3,600–3,650 ₹. Trendlines suggest corrective consolidation with bearish undertone.
- 📊 Moving Averages: Price is below both 50 DMA (3,640 ₹) and 200 DMA (3,977 ₹), indicating short-term and long-term weakness.
- 📉 RSI: At 37.1, RSI is near oversold territory, suggesting limited downside and potential rebound.
- 📉 MACD: Negative (-33.4), confirming bearish momentum in the short term.
- 📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible mean reversion.
- 📊 Volume Trends: Current volume (17,817) is below weekly average (22,232), showing reduced participation and weak conviction.
- 📌 Momentum Signals: Entry zone around 3,400–3,450 ₹; exit zone near 3,600–3,650 ₹.
- 🔄 Trend Status: Reversing from bullish highs into corrective consolidation.
Positive
- Debt-to-equity ratio at 0.03 indicates strong balance sheet.
- EPS of 96.3 ₹ supports earnings base.
- FII holdings increased (+1.21%), showing foreign investor confidence.
Limitation
- Price below both 50 DMA and 200 DMA signals weakness.
- RSI near oversold but MACD negative, showing conflicting signals.
- PEG ratio of 12.2 highlights expensive growth prospects.
Company Negative News
- PAT declined sharply (63.6 Cr. vs 105 Cr.), showing earnings pressure.
- DII holdings decreased (-0.13%), reflecting reduced domestic support.
Company Positive News
- EPS remains strong despite profit decline.
- FII inflows provide stability.
- Dividend yield of 0.58% offers shareholder return.
Industry
- Industry P/E at 29.6 highlights sector trading at lower multiples.
- Chemicals sector remains cyclical with demand fluctuations.
Conclusion
BASF is in a corrective phase with RSI near oversold and MACD negative, suggesting short-term weakness but potential rebound near support. Entry around 3,400–3,450 ₹ offers tactical positioning, with exit near 3,600–3,650 ₹. Valuation remains stretched, so trades should be managed cautiously with strict stop-loss discipline.
Would you like me to expand this into a swing trade outlook with medium-term targets, or refine it into intraday trading signals for sharper entries and exits?