BRIGADE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

📈 BRIGADE is currently trending upward with strong short-term momentum. The stock is trading above key moving averages, supported by bullish MACD and elevated RSI, though nearing overbought territory.

📊 Technical Analysis Summary

• Trend Status: Trending upward
• RSI (68.2): Bullish — strong momentum, nearing overbought zone
• MACD (27.4): Positive crossover — confirms bullish momentum
• Volume: ~60% above 1-week average — strong buying interest
• DMA 50 & 200: Price above both — confirms bullish structure
• Bollinger Bands: Price near upper band — momentum strong, but stretched

🎯 Entry & Exit Zones

• Support Levels: ₹1,000, ₹971, ₹940
• Resistance Levels: ₹1,080, ₹1,140, ₹1,200
• Optimal Entry: ₹1,000–₹1,020 (on minor pullback)
• Exit Target: ₹1,140–₹1,200 (short-term resistance)

✅ Positive

• ROCE (9.09%) and ROE (8.80%) — improving capital efficiency
• EPS of ₹16.6 — stable earnings profile
• MACD and volume trends support bullish momentum
• Price above 50 DMA and 200 DMA — confirms trend strength

⚠️ Limitation

• RSI nearing overbought — risk of short-term correction
• High P/E (62.8) and PEG (4.28) — valuation concerns
• Dividend yield of 0.23% — low income potential

📉 Company Negative News

• Quarterly PAT declined from ₹55.0 Cr to ₹50.2 Cr — 44.6% drop
• FII and DII holdings declined — institutional caution

📈 Company Positive News

• Stock up 42.7% from 52-week low — strong recovery
• MACD and volume trends indicate continued bullish interest

🏭 Industry

• Sector: Real Estate / Construction
• Industry P/E: 41.9 vs BRIGADE’s P/E: 62.8 — relatively overvalued
• Sector outlook supported by urban expansion and housing demand

🧾 Conclusion

• BRIGADE is in a bullish trend with strong technical indicators
• Entry near ₹1,000–₹1,020 with targets at ₹1,140–₹1,200
• Monitor RSI and volume for signs of continuation or exhaustion
• Valuation remains elevated; short-term traders may benefit from momentum, long-term investors should be cautious