CENTURYPLY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.9

📊 Chart Patterns: CENTURYPLY is trading above both its 50 DMA (793 ₹) and 200 DMA (769 ₹), showing bullish undertone. Current price (814 ₹) is consolidating after testing recent highs (897 ₹).

📈 Moving Averages: Price > 50 DMA > 200 DMA → bullish alignment. Trend remains positive as long as price sustains above 793 ₹.

📉 RSI: At 54.0, RSI is neutral, suggesting balanced momentum with room for further upside.

📈 MACD: Positive (14.9), confirming bullish crossover and short-term upward momentum.

📊 Bollinger Bands: Price near mid-band, indicating consolidation phase with potential breakout if volume rises.

📊 Volume Trends: Current volume (51,349) is slightly above 1-week average (45,966), showing mild accumulation and steady interest.

📍 Support & Resistance:

- Strong support: 793 ₹ (50 DMA)

- Major support: 769 ₹ (200 DMA)

- Immediate resistance: 850–860 ₹

- Major resistance: 897 ₹ (52-week high)

🚦 Momentum Signals: Short-term momentum is positive. Entry zone: 800–815 ₹ near support. Exit zone: 850–860 ₹ if resistance is tested. Breakout above 897 ₹ could trigger fresh rally.

🔄 Trend Status: The stock is consolidating with bullish bias, preparing for potential breakout.

Positive

• Stock trading above both 50 DMA and 200 DMA, showing strong technical strength.
• MACD positive, confirming bullish momentum.
• ROCE (15.1%) and ROE (12.3%) indicate healthy returns.
• DII holdings increased (+0.21%), showing domestic institutional support.

Limitation

• High P/E (65.6) compared to industry PE (42.2), indicating overvaluation.
• PEG ratio (-15.5) suggests poor valuation relative to growth prospects.
• Dividend yield of 0.12% is very low, limiting income support.

Company Negative News

• Quarterly PAT declined slightly (72.8 Cr. vs 67.8 Cr., -3.87% variation).
• FII holdings reduced (-0.15%), showing reduced foreign investor confidence.

Company Positive News

• DII holdings increased (+0.21%), reflecting domestic institutional confidence.
• EPS of 12.4 ₹ supports valuation comfort despite high P/E.

Industry

• Industry PE at 42.2 is lower than CENTURYPLY’s PE (65.6), showing sector trades at premium valuations.
• Plywood and building materials industry benefits from housing and infrastructure demand, though cyclical in nature.

Conclusion

⚖️ CENTURYPLY is consolidating with bullish bias, trading above key moving averages and supported by positive MACD. Entry near 800–815 ₹ could be considered for short-term gains, with exit around 850–860 ₹. A breakout above 897 ₹ would confirm continuation of the uptrend. Fundamentals show moderate strength, but high valuation and weak PEG ratio remain concerns for long-term investors.