BRIGADE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | BRIGADE | Market Cap | 16,097 Cr. | Current Price | 658 ₹ | High / Low | 1,332 ₹ |
| Stock P/E | 57.3 | Book Value | 259 ₹ | Dividend Yield | 0.38 % | ROCE | 5.83 % |
| ROE | 4.51 % | Face Value | 10.0 ₹ | DMA 50 | 722 ₹ | DMA 200 | 828 ₹ |
| Chg in FII Hold | -1.39 % | Chg in DII Hold | 1.19 % | PAT Qtr | 87.5 Cr. | PAT Prev Qtr | 93.9 Cr. |
| RSI | 33.8 | MACD | -22.2 | Volume | 3,46,536 | Avg Vol 1Wk | 2,65,055 |
| Low price | 601 ₹ | High price | 1,332 ₹ | PEG Ratio | -8.45 | Debt to equity | 0.48 |
| 52w Index | 7.79 % | Qtr Profit Var | -57.9 % | EPS | 11.3 ₹ | Industry PE | 26.9 |
📈 Chart & Trend Analysis: BRIGADE is trading at ₹658, well below its 50 DMA (₹722) and 200 DMA (₹828), indicating strong short-term and long-term weakness. RSI at 33.8 suggests oversold conditions, hinting at possible support but weak momentum. MACD at -22.2 shows negative divergence, confirming bearish bias. Bollinger Bands place the price near the lower band, signaling downside pressure with limited recovery signs.
📊 Volume Trends: Current volume (3,46,536) is above the 1-week average (2,65,055), reflecting increased participation, likely on the downside.
🔑 Support & Resistance: Strong support lies at ₹601 (recent low). Resistance is near ₹722 (50 DMA) and ₹828 (200 DMA). Optimal entry zone: ₹620–₹640. Exit/profit booking zone: ₹700–₹730.
📉 Momentum Signals: RSI indicates oversold conditions, while MACD confirms bearish momentum. Short-term signals favor cautious accumulation near support zones with exits around resistance levels.
📌 Trend Status: The stock is currently reversing downward with oversold signals, awaiting confirmation for recovery.
Positive ✅
- Book value of ₹259 provides valuation cushion.
- DII holding increased (+1.19%), showing domestic institutional support.
- EPS of ₹11.3 supports earnings visibility.
Limitation ⚠️
- Stock trading below both 50 DMA and 200 DMA indicates technical weakness.
- High P/E ratio (57.3) compared to industry average (26.9) suggests overvaluation.
- Weak ROCE (5.83%) and ROE (4.51%) highlight poor capital efficiency.
Company Negative News ❌
- FII holding decreased (-1.39%), showing reduced foreign investor confidence.
- PAT declined (₹93.9 Cr → ₹87.5 Cr), reflecting earnings pressure.
Company Positive News 🌟
- DII holding increased (+1.19%), boosting investor sentiment.
- Book value and EPS provide some valuation support.
Industry 🏭
- Real estate sector trades at industry PE of 26.9, making BRIGADE relatively expensive compared to peers.
- Sector growth driven by urban development and housing demand cycles.
Conclusion 📌
BRIGADE is reversing downward, trading below key moving averages with oversold RSI and bearish MACD signals. Fundamentals show valuation cushion but weak efficiency and declining profits weigh on sentiment. Optimal strategy: accumulate cautiously near ₹620–₹640 support zones and consider profit booking near ₹700–₹730. Trend remains bearish with potential rebound only if price sustains above 50 DMA with stronger volumes.
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