BATAINDIA - Technical Analysis

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

Technical Rating: 2.9

Here’s a full breakdown of the current technical picture for BATAINDIA 📉

📊 Trend Analysis

Direction: The stock is reversing from a previous uptrend and now appears bearish in the short term.

Moving Averages

50 DMA: 1,226 ₹ > current price of 1,196 ₹

200 DMA: 1,288 ₹ > 50 DMA and current price — showing sustained downward momentum

Price has broken below both key averages = bearish crossover confirmation

📈 Indicators

RSI (38.3): Oversold zone approaching; signals weak momentum but could hint at a reversal if it dips below 30

MACD (-7.63): Negative and diverging from the signal line = strong bearish signal

Volume: Below weekly average, indicating low buying interest

Bollinger Bands

Price is approaching lower band = consolidation or oversold, but not yet a breakout

🧭 Momentum Signals

Bearish short-term momentum confirmed by

MACD divergence

Price below both DMAs

Weak volume

RSI trending downward

💰 Optimal Entry & Exit Zones

Zone Price Range Rationale

Entry (Aggressive) ₹1,136 - ₹1,175 Near 52-week low, potential rebound zone

Entry (Conservative) ₹1,226 - ₹1,250 Wait for confirmation above 50 DMA

Resistance / Exit ₹1,285 - ₹1,300 Near 200 DMA, profit-booking zone

Major Resistance ₹1,350+ Trend reversal confirmation only if breached

🧩 Additional Observations

FII & DII Holdings declining ➤ sentiment remains cautious

Quarterly Profit Down ~28% ➤ weak earnings dragging price

P/E (63.6) vs. Industry P/E (42.9) ➤ overvalued technically

PEG Ratio 1.92 ➤ high valuation vs growth

🧭 Final Assessment

Trend: Reversing/Weak Bearish

Momentum: Fading, no strong upside triggers yet

Technical Rating: 2.9

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