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CGCL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | CGCL | Market Cap | 16,299 Cr. | Current Price | 169 ₹ | High / Low | 232 ₹ |
| Stock P/E | 22.0 | Book Value | 65.3 ₹ | Dividend Yield | 0.12 % | ROCE | 11.4 % |
| ROE | 11.0 % | Face Value | 1.00 ₹ | DMA 50 | 181 ₹ | DMA 200 | 184 ₹ |
| Chg in FII Hold | -0.33 % | Chg in DII Hold | -0.18 % | PAT Qtr | 221 Cr. | PAT Prev Qtr | 212 Cr. |
| RSI | 35.8 | MACD | -3.29 | Volume | 7,24,235 | Avg Vol 1Wk | 20,63,696 |
| Low price | 151 ₹ | High price | 232 ₹ | PEG Ratio | 0.60 | Debt to equity | 1.99 |
| 52w Index | 23.3 % | Qtr Profit Var | 104 % | EPS | 7.97 ₹ | Industry PE | 19.0 |
📊 Technical Analysis
- Chart Patterns: CGCL has been in a corrective phase from its 52-week high of 232 ₹, currently consolidating near 169 ₹.
- Moving Averages: Price (169 ₹) is below both 50 DMA (181 ₹) and 200 DMA (184 ₹), signaling short-term and medium-term weakness.
- RSI: At 35.8, near oversold territory, suggesting potential rebound.
- MACD: Negative (-3.29), confirming bearish momentum.
- Bollinger Bands: Price near lower band, indicating possible support zone.
- Volume Trends: Current volume (7.24 lakh) well below 1-week average (20.63 lakh), showing weak participation.
📈 Momentum & Signals
- Short-term Momentum: Weak due to negative MACD and low RSI.
- Support Levels: 165 ₹ (near-term), 151 ₹ (major support).
- Resistance Levels: 175 ₹ (short-term), 181–184 ₹ (DMA resistance).
- Optimal Entry Zone: 160–165 ₹ (close to support).
- Optimal Exit Zone: 175–185 ₹ (near resistance).
- Trend Status: Consolidating with bearish bias.
✅ Positive
- PEG ratio of 0.60 suggests attractive valuation relative to growth.
- Quarterly PAT growth (221 Cr vs 212 Cr) shows improving profitability.
- EPS of 7.97 ₹ supports earnings visibility.
⚠️ Limitation
- Stock P/E (22.0) higher than industry PE (19.0), indicating premium valuation.
- ROCE (11.4%) and ROE (11.0%) are modest compared to peers.
- Weak trading volume suggests lack of strong buying momentum.
📉 Company Negative News
- FII holdings decreased (-0.33%) and DII holdings decreased (-0.18%), showing reduced institutional confidence.
- Stock trading below both 50 DMA and 200 DMA, signaling weakness.
📈 Company Positive News
- Quarterly profit variation of 104% highlights strong growth momentum.
- Improved PAT performance despite weak technical signals.
🏭 Industry
- Financial services sector supported by credit demand and government initiatives.
- Industry PE at 19.0 vs stock PE at 22.0 — stock trades at slight premium.
🔎 Conclusion
- CGCL is consolidating with short-term bearish signals but improving fundamentals.
- Best entry near 160–165 ₹, exit near 175–185 ₹ unless breakout above 184 ₹ occurs.
- Medium-term outlook cautious due to weak technicals and reduced institutional confidence.