CERA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

Here’s a detailed technical breakdown of CERA

📊 Trend Overview

Current Trend: Reversing with bearish undertone

Price is below both 50 DMA (₹6,433) and 200 DMA (₹6,622), indicating a short-term and medium-term downtrend.

RSI at 46.5 is in neutral-to-weak territory.

MACD at -34.0 confirms bearish momentum.

📈 Technical Indicators

Moving Averages

Price (₹6,334) < 50 DMA (₹6,433) and < 200 DMA (₹6,622): Bearish crossover

RSI (46.5)

Neutral zone, leaning bearish. No strong momentum signal.

MACD (-34.0)

Deep negative crossover. Momentum is weak and declining.

Bollinger Bands

Price near lower band, suggesting oversold conditions but no reversal confirmation yet.

Volume Trends

Current volume (8.6K) < 1-week average (11.2K): Weak participation

Indicates lack of conviction in current price action.

🔍 Short-Term Momentum Signals

Bearish Bias

MACD and price below key moving averages point to continued weakness.

RSI under 50 suggests sellers are still in control.

FII outflows (-3.40%) reinforce negative sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 6,200 Recent swing low

Support 2 5,800 Historical support zone

Resistance 1 6,433 50 DMA, short-term ceiling

Resistance 2 6,622 200 DMA, medium-term barrier

Resistance 3 7,000 Psychological resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹6,200–₹6,300 (on dips near support)

Exit Zone: ₹6,600–₹6,900 (partial profit booking)

Aggressive Target: ₹7,200 if breakout above 200 DMA sustains

🧭 Summary

Trend: Reversing with bearish momentum

Momentum: Weak, confirmed by MACD and volume

Outlook: Cautious; wait for reversal confirmation above ₹6,622

Valuation: Fair P/E (33.4) vs industry, strong ROE/ROCE, but recent profit decline and FII outflows warrant caution

Would you like a visual chart or a trade simulation based on this setup?

Edit in a page