CCL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | CCL | Market Cap | 14,309 Cr. | Current Price | 1,070 ₹ | High / Low | 1,218 ₹ |
| Stock P/E | 49.8 | Book Value | 103 ₹ | Dividend Yield | 0.47 % | ROCE | 20.6 % |
| ROE | 22.4 % | Face Value | 2.00 ₹ | DMA 50 | 1,086 ₹ | DMA 200 | 983 ₹ |
| Chg in FII Hold | 0.23 % | Chg in DII Hold | -0.10 % | PAT Qtr | 107 Cr. | PAT Prev Qtr | 36.2 Cr. |
| RSI | 43.9 | MACD | -9.04 | Volume | 1,95,962 | Avg Vol 1Wk | 2,60,256 |
| Low price | 772 ₹ | High price | 1,218 ₹ | PEG Ratio | 2.79 | Debt to equity | 0.45 |
| 52w Index | 67.0 % | Qtr Profit Var | 256 % | EPS | 21.5 ₹ | Industry PE | 18.8 |
📈 Chart & Trend Analysis: CCL is trading at ₹1,070, below its 50 DMA (₹1,086) but above its 200 DMA (₹983), showing mixed signals with short-term weakness but long-term support. RSI at 43.9 suggests bearish momentum, nearing oversold territory. MACD at -9.04 shows negative divergence, confirming downward bias. Bollinger Bands place the price near the lower band, signaling pressure with potential support around recent lows.
📊 Volume Trends: Current volume (1,95,962) is below the 1-week average (2,60,256), reflecting weak participation and lack of strong conviction in recent moves.
🔑 Support & Resistance: Strong support lies at ₹1,050 and ₹983 (200 DMA). Resistance is near ₹1,086 (50 DMA) and ₹1,120. Optimal entry zone: ₹1,050–₹1,065. Exit/profit booking zone: ₹1,100–₹1,120.
📉 Momentum Signals: RSI and MACD confirm bearish momentum. Short-term signals favor cautious accumulation near support zones, with exits around resistance levels.
📌 Trend Status: The stock is currently consolidating with bearish bias, not reversing upward yet.
Positive ✅
- Strong ROCE (20.6%) and ROE (22.4%) highlight efficient capital use.
- EPS of ₹21.5 supports earnings visibility.
- Quarterly PAT improved significantly (₹36.2 Cr → ₹107 Cr), showing strong earnings growth.
Limitation ⚠️
- Stock trading below 50 DMA indicates short-term weakness.
- High P/E ratio (49.8) compared to industry average (18.8) suggests premium valuation.
- PEG ratio of 2.79 indicates expensive growth prospects.
Company Negative News ❌
- DII holding decreased (-0.10%), showing reduced domestic institutional support.
Company Positive News 🌟
- FII holding increased (+0.23%), reflecting foreign investor confidence.
- Quarterly profit variance (+256%) highlights strong operational improvement.
Industry 🏭
- FMCG/coffee sector trades at industry PE of 18.8, making CCL relatively expensive compared to peers.
- Sector growth driven by global demand but faces margin pressure from raw material costs.
Conclusion 📌
CCL is consolidating with bearish bias, trading below its 50 DMA but supported by the 200 DMA. Fundamentals remain strong with efficient capital use and profit growth, but valuations are stretched and volumes are weak. Optimal strategy: accumulate cautiously near ₹1,050–₹1,065 support zones and consider profit booking near ₹1,100–₹1,120. Trend remains consolidative with downside risk unless volume strength confirms breakout.
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