CENTURYPLY - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 2.9

📉 CENTURYPLY is currently in a reversing phase with weakening momentum indicators and price action below key short-term averages.

📊 Technical Overview

• Trend Status: Reversing — price has declined from its 52-week high of ₹897 and is struggling to hold above key averages.
• Moving Averages: Price is below 50 DMA (₹768) and hovering near 200 DMA (₹759), indicating indecision and potential breakdown.
• RSI (44.8): Weak momentum, approaching oversold territory.
• MACD (-9.97): Negative crossover confirms bearish momentum.
• Bollinger Bands: Price near lower band, suggesting volatility and possible support zone.
• Volume: Below average (60,939 vs 85,706), indicating lack of buying interest.

📌 Entry & Exit Zones

• Support Zone: ₹730–₹750 — potential entry zone if reversal signals emerge.
• Resistance Zone: ₹768–₹790 — ideal for exit or partial profit booking.
• Breakout Level: ₹800 — crossing this could signal trend recovery.

✅ Positive

• Moderate ROCE (15.1%) and ROE (12.3%) indicate decent capital efficiency.
• Low debt-to-equity ratio (0.30) supports financial stability.
• Positive DII holding change (+0.21%) shows domestic institutional support.

⚠️ Limitation

• High P/E (60.2) and negative PEG ratio (-14.2) suggest overvaluation and weak growth expectations.
• Quarterly profit declined by 8.24%, indicating operational pressure.
• Weak volume and bearish MACD signal short-term caution.

📰 Company Negative News

• Decline in FII holdings (-0.15%) may reflect reduced foreign investor confidence.
• Quarterly PAT fell from ₹71.1 Cr to ₹67.8 Cr.

🌟 Company Positive News

• Stable fundamentals with low debt and consistent profitability.
• Domestic institutions increasing stake, signaling long-term confidence.

🏭 Industry

• Operates in building materials and plywood segment, sensitive to real estate and infrastructure cycles.
• Industry P/E (47.3) is lower than stock’s, indicating premium valuation.

🧾 Conclusion

• CENTURYPLY is technically weak in the short term with bearish indicators.
• Entry near ₹730–₹750 only if reversal signs strengthen; watch for breakout above ₹800.
• Long-term investors may hold for fundamentals; short-term traders should remain cautious.