⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
CESC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | CESC | Market Cap | 19,002 Cr. | Current Price | 143 ₹ | High / Low | 185 ₹ |
| Stock P/E | 22.6 | Book Value | 77.2 ₹ | Dividend Yield | 4.16 % | ROCE | 9.95 % |
| ROE | 7.97 % | Face Value | 1.00 ₹ | DMA 50 | 161 ₹ | DMA 200 | 165 ₹ |
| Chg in FII Hold | 0.79 % | Chg in DII Hold | -0.04 % | PAT Qtr | 242 Cr. | PAT Prev Qtr | 211 Cr. |
| RSI | 35.3 | MACD | -6.34 | Volume | 9,93,819 | Avg Vol 1Wk | 30,46,860 |
| Low price | 119 ₹ | High price | 185 ₹ | PEG Ratio | -72.8 | Debt to equity | 1.12 |
| 52w Index | 36.8 % | Qtr Profit Var | 11.0 % | EPS | 6.36 ₹ | Industry PE | 22.1 |
📈 Technical Analysis
- Chart Patterns: Stock has corrected from highs (185 ₹) and is trading at 143 ₹, showing weakness and inability to sustain above moving averages.
- Moving Averages: Current price is below both 50 DMA (161 ₹) and 200 DMA (165 ₹), confirming bearish bias.
- RSI: At 35.3, stock is weak and approaching oversold territory, suggesting limited downside but lack of strong momentum.
- MACD: Negative (-6.34), confirming bearish momentum in the short term.
- Bollinger Bands: Price near lower band, indicating oversold conditions and possible stabilization.
- Volume Trends: Current volume (9,93,819) is significantly lower than average weekly volume (30,46,860), showing weak participation and cautious sentiment.
🎯 Momentum & Trade Zones
- Short-term Momentum: Weak, with bearish signals dominating but possible rebound near support.
- Support Levels: 140 ₹ (near-term), 119 ₹ (major support).
- Resistance Levels: 161 ₹ (50 DMA), 165 ₹ (200 DMA), 175–185 ₹ (strong resistance).
- Optimal Entry: 140–145 ₹ range if RSI stabilizes.
- Optimal Exit: 160–165 ₹ unless breakout above 175–185 ₹ is confirmed.
📊 Trend Status
Stock is reversing from highs with strong bearish signals, but oversold RSI suggests possible rebound near support.
✅ Positive
- Quarterly PAT improved (242 Cr. vs 211 Cr.).
- FII holding increased (+0.79%), showing foreign investor confidence.
- Dividend yield at 4.16% provides steady income for investors.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA, showing technical weakness.
- High debt-to-equity ratio at 1.12, indicating leverage risk.
- Weak profitability metrics with ROCE (9.95%) and ROE (7.97%).
- PEG ratio of -72.8 indicates valuation concerns relative to growth.
📉 Company Negative News
- DII holding decreased (-0.04%), showing reduced domestic institutional interest.
- 52-week index gain only 36.8%, underperforming peers.
📈 Company Positive News
- Quarterly profit growth (+11%) highlights earnings improvement.
- FII holding increased (+0.79%), reflecting foreign investor support.
🏭 Industry
- Power & utilities sector trading at industry P/E of 22.1, in line with CESC’s valuation (22.6).
- Sector supported by steady demand for electricity and infrastructure growth.
🔎 Conclusion
CESC is technically reversing with strong bearish signals but oversold RSI suggests possible rebound near 140–145 ₹. Traders may consider cautious entry with exit around 160–165 ₹. Long-term investors should wait for breakout above 175–185 ₹ for bullish confirmation, given high debt levels and weak profitability metrics despite steady dividend yield and earnings growth.