CESC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | CESC | Market Cap | 24,621 Cr. | Current Price | 186 ₹ | High / Low | 204 ₹ |
| Stock P/E | 28.9 | Book Value | 73.3 ₹ | Dividend Yield | 3.23 % | ROCE | 9.41 % |
| ROE | 8.69 % | Face Value | 1.00 ₹ | DMA 50 | 174 ₹ | DMA 200 | 166 ₹ |
| Chg in FII Hold | -0.27 % | Chg in DII Hold | 0.63 % | PAT Qtr | 223 Cr. | PAT Prev Qtr | 176 Cr. |
| RSI | 57.6 | MACD | 2.57 | Volume | 51,63,384 | Avg Vol 1Wk | 50,56,527 |
| Low price | 138 ₹ | High price | 204 ₹ | PEG Ratio | 12.7 | Debt to equity | 1.15 |
| 52w Index | 71.8 % | Qtr Profit Var | 2.29 % | EPS | 6.43 ₹ | Industry PE | 33.0 |
📈 Chart & Trend Analysis: CESC is trading at ₹186, above both its 50 DMA (₹174) and 200 DMA (₹166), indicating strong short-term and long-term momentum. RSI at 57.6 suggests healthy momentum without being overbought. MACD at 2.57 shows mild positive divergence, supporting bullish bias. Bollinger Bands place the price near the mid-to-upper band, signaling strength with potential resistance near recent highs.
📊 Volume Trends: Current volume (51,63,384) is slightly above the 1-week average (50,56,527), reflecting steady participation and confirming the ongoing trend.
🔑 Support & Resistance: Strong support lies at ₹174 (50 DMA) and ₹166 (200 DMA). Resistance is near ₹190–₹195 and ₹204 (recent high). Optimal entry zone: ₹175–₹180. Exit/profit booking zone: ₹190–₹200.
📉 Momentum Signals: RSI and MACD confirm bullish momentum. Short-term signals favor accumulation near support zones, with exits around resistance levels.
📌 Trend Status: The stock is currently trending upward with steady momentum.
Positive ✅
- Dividend yield of 3.23% provides attractive passive returns.
- Price trading above both 50 DMA and 200 DMA confirms technical strength.
- Quarterly PAT improved (₹176 Cr → ₹223 Cr), showing earnings growth.
Limitation ⚠️
- High debt-to-equity ratio (1.15) highlights leverage risk.
- PEG ratio of 12.7 indicates expensive growth prospects.
- ROCE (9.41%) and ROE (8.69%) remain modest compared to industry leaders.
Company Negative News ❌
- FII holding decreased (-0.27%), showing reduced foreign investor confidence.
Company Positive News 🌟
- DII holding increased (+0.63%), reflecting strong domestic institutional support.
- Quarterly profit variance (+2.29%) highlights operational improvement.
Industry 🏭
- Power and utilities sector trades at industry PE of 33.0, making CESC slightly cheaper compared to peers.
- Sector benefits from steady demand but faces regulatory and debt challenges.
Conclusion 📌
CESC is trending upward, supported by strong technicals and improving quarterly profits. Fundamentals remain steady, though debt levels and valuation risks persist. Optimal strategy: accumulate near ₹175–₹180 support zones and consider profit booking near ₹190–₹200. Trend remains bullish with potential upside if volumes sustain above resistance levels.
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