CENTURYPLY - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.3

Here’s a detailed technical analysis of CENTURYPLY

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹765) and 200 DMA (₹753), confirming bullish momentum.

RSI at 64.4 is approaching overbought territory, indicating strong buying interest.

MACD at 17.9 is positive, supporting continued upward momentum.

📈 Technical Indicators

Moving Averages

Price (₹801) > 50 DMA (₹765) > 200 DMA (₹753): Bullish alignment

RSI (64.4)

Bullish zone. A move above 70 would signal overbought conditions.

MACD (17.9)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price near upper band, suggesting strength but also potential short-term resistance.

Volume Trends

Current volume (23.4K) < 1-week average (89.7K): Momentum slowing

Watch for volume confirmation on breakout attempts.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and RSI support continued upside.

Price action above key moving averages confirms trend strength.

Low volume may indicate temporary pause or lack of conviction.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 765 50 DMA, short-term base

Support 2 753 200 DMA, medium-term support

Resistance 1 820 Recent swing high

Resistance 2 875 Psychological barrier

Resistance 3 939 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹765–₹780 (on dips near 50 DMA)

Exit Zone: ₹875–₹939 (partial profit booking)

Aggressive Target: ₹960+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD and RSI

Outlook: Favorable for swing trades and medium-term positions

Valuation: Premium P/E (64.0) vs industry (48.8), but justified by strong ROE/ROCE and improving technicals

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