CCL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

Here’s a detailed technical analysis of CCL Products (India) Ltd

📊 Trend Overview

Status: Consolidating with bullish undertone

Structure: Price is slightly above the 50-DMA and well above the 200-DMA, indicating medium-term strength but short-term indecision.

52-week Index: 82.6% — strong relative performance, near yearly highs.

📈 Moving Averages

DMA 50: ₹879

DMA 200: ₹777

Current Price: ₹883

✅ Price is above both moving averages, suggesting bullish momentum. However, the narrow gap above the 50-DMA signals consolidation.

📉 Momentum Indicators

RSI (14-day): 46.1 — Neutral zone, leaning slightly bearish. No strong momentum signal.

MACD: +5.38 — Mild bullish crossover, indicating potential for upward movement.

Volume: 4.82 lakh vs 1-week avg of 2.00 lakh — Strong volume spike, suggesting accumulation or breakout attempt.

📊 Bollinger Bands

Price is near the middle band, indicating low volatility. A breakout above ₹890–₹900 with volume could trigger momentum.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 879 50-DMA, immediate support

Support 2 850 Previous swing low

Resistance 1 900 Minor resistance zone

Resistance 2 940 Pre-breakout consolidation peak

Resistance 3 969 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry: ₹870–₹880 range on pullback with volume confirmation.

Exit Zone: ₹910–₹940 for short-term traders; ₹970+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD is mildly bullish, RSI is neutral, and price is above key averages — suggesting a base-building phase.

Volume surge is encouraging, but RSI needs to cross 50 for momentum confirmation.

Despite high P/E and negative PEG, quarterly profit growth (+24.7%) supports technical strength.

🧭 Summary

Trend: Consolidating with bullish bias

Momentum: Mild; MACD supports upside, RSI and price action suggest caution

Technical Rating: 3.8 — Constructive setup with breakout potential above ₹900

Would you like a comparison with peers like Tata Coffee or Nestlé India to assess sector rotation and valuation?

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