BRIGADE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical analysis of BRIGADE (Brigade Enterprises Ltd)

📊 Trend Overview

Status: Reversing with bearish undertone

Structure: Price is below both 50-DMA and 200-DMA, indicating a breakdown from previous bullish trend.

52-week Index: 22.0% — significant underperformance, trading near yearly lows.

📈 Moving Averages

DMA 50: ₹983

DMA 200: ₹1,055

Current Price: ₹953

🔻 Price is below both moving averages, confirming a bearish structure. These levels now act as resistance.

📉 Momentum Indicators

RSI (14-day): 49.4 — Neutral zone, indicating indecision and lack of momentum.

MACD: -9.79 — Bearish crossover, suggesting continued downward pressure.

Volume: 4.01 lakh vs 1-week avg of 3.20 lakh — Above average, possibly due to selling pressure or speculative churn.

📊 Bollinger Bands

Price is near the middle band, suggesting low volatility and range-bound movement. No breakout or breakdown signal currently.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 925 Near-term support zone

Support 2 813 52-week low, critical support

Resistance 1 983 50-DMA, immediate resistance

Resistance 2 1,055 200-DMA, major breakout level

Resistance 3 1,150–1,200 Medium-term target if reversal confirms

🎯 Entry & Exit Zones

Optimal Entry: ₹925–₹950 range on confirmation of support holding and RSI reversal.

Exit Zone: ₹1,000–₹1,050 for short-term traders; ₹1,150+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD is bearish, RSI is neutral, and price is below key averages — suggesting continued weakness.

Volume spike may indicate early accumulation or distribution.

Sharp drop in quarterly profit (-16.2%) and declining FII holding reinforce caution.

🧭 Summary

Trend: Reversing with bearish bias

Momentum: Weak; MACD and RSI signal caution

Technical Rating: 3.4 — Bearish setup with bounce potential near ₹925

Would you like a comparison with other real estate developers like Prestige Estates or Sobha Ltd to assess sector sentiment?

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