CGCL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | CGCL | Market Cap | 18,198 Cr. | Current Price | 189 ₹ | High / Low | 214 ₹ |
| Stock P/E | 22.1 | Book Value | 70.0 ₹ | Dividend Yield | 0.11 % | ROCE | 11.7 % |
| ROE | 15.4 % | Face Value | 1.00 ₹ | DMA 50 | 183 ₹ | DMA 200 | 181 ₹ |
| Chg in FII Hold | 1.12 % | Chg in DII Hold | -0.02 % | PAT Qtr | 243 Cr. | PAT Prev Qtr | 221 Cr. |
| RSI | 54.8 | MACD | 1.70 | Volume | 24,49,398 | Avg Vol 1Wk | 30,52,782 |
| Low price | 151 ₹ | High price | 214 ₹ | PEG Ratio | 0.28 | Debt to equity | 2.81 |
| 52w Index | 61.3 % | Qtr Profit Var | 53.2 % | EPS | 8.57 ₹ | Industry PE | 20.3 |
📊 Chart Patterns & Trend: CGCL is consolidating after a rally from 151 ₹ to 189 ₹. Price is above both 50 DMA (183 ₹) and 200 DMA (181 ₹), showing medium-term strength. Resistance lies near 195–200 ₹, with major resistance at 214 ₹. Trendlines suggest sideways consolidation with mild bullish undertone.
📈 Moving Averages: Current price is above both 50 DMA and 200 DMA, indicating bullish alignment and support around 181–183 ₹.
📉 RSI: At 54.8, RSI is neutral, showing balanced momentum without strong buying or selling pressure.
📈 MACD: Positive (1.70), confirming mild bullish momentum.
📊 Bollinger Bands: Price is near the mid-band, suggesting consolidation with potential for breakout if volume improves.
📊 Volume Trends: Current volume (24,49,398) is below the 1-week average (30,52,782), showing reduced participation and lack of strong breakout signals.
💡 Momentum Signals: Neutral to mildly bullish bias. A breakout above 195–200 ₹ could trigger upside toward 214 ₹, while support lies near 181–183 ₹.
🎯 Entry Zone: 181–185 ₹ (support region).
🎯 Exit Zone: 195–200 ₹ (resistance region; extended target 214 ₹).
📌 Status: Consolidating with mild bullish momentum.
Positive
✔ EPS of 8.57 ₹ supports valuation strength.
✔ Quarterly PAT growth (243 Cr. vs 221 Cr.) shows strong earnings momentum.
✔ FII holdings increased (+1.12%), signaling institutional confidence.
✔ PEG ratio of 0.28 indicates attractive growth potential.
Limitation
⚠ High debt-to-equity ratio (2.81).
⚠ Volume below average, limiting breakout strength.
⚠ Dividend yield is low (0.11%).
⚠ ROCE (11.7%) is modest compared to peers.
Company Negative News
⚠ No major negative news reported, but high leverage remains a concern.
⚠ DII holdings declined (-0.02%), showing reduced domestic institutional support.
Company Positive News
✔ Strong quarterly profit variance (+53.2%).
✔ Consistent growth momentum with improving fundamentals.
✔ Industry PE (20.3) slightly below stock PE (22.1), showing fair valuation.
Industry
🏭 Industrial sector remains resilient with infrastructure demand.
📈 Sector valuations support growth, though leverage risks persist.
Conclusion
📌 CGCL is consolidating near support with mild bullish momentum. Entry around 181–185 ₹ offers favorable risk-reward, while exits near 195–200 ₹ are prudent unless momentum drives a breakout toward 214 ₹. Long-term investors may hold, while traders should monitor volume for breakout confirmation.
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