CHALET - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.5

Here’s a detailed technical analysis of CHALET

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹973) and 200 DMA (₹891), confirming strong bullish momentum.

RSI at 65.4 is approaching overbought territory, indicating sustained buying interest.

MACD at 29.1 is strongly positive, reinforcing bullish momentum.

📈 Technical Indicators

Moving Averages

Price (₹1,059) > 50 DMA (₹973) > 200 DMA (₹891): Golden crossover confirmed

RSI (65.4)

Bullish zone. A move above 70 would signal overbought conditions.

MACD (29.1)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price near upper band, suggesting strength but also potential short-term resistance.

Volume Trends

Current volume (1.09L) < 1-week average (2.16L): Momentum slowing slightly

Watch for volume confirmation on breakout attempts.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and RSI support continued upside.

Price action above key moving averages confirms trend strength.

Strong quarterly profit growth (+207%) adds fundamental support.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 973 50 DMA, short-term base

Support 2 891 200 DMA, medium-term support

Resistance 1 1,082 52-week high

Resistance 2 1,120 Psychological barrier

Resistance 3 1,180 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry: ₹975–₹1,000 (on dips near 50 DMA)

Exit Zone: ₹1,080–₹1,120 (partial profit booking)

Aggressive Target: ₹1,180+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD and RSI

Outlook: Favorable for swing trades and medium-term positions

Valuation: High P/E (74.9) vs industry (37.5), but justified by explosive profit growth and strong technicals

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