⚠ 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.
CHOICEIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | CHOICEIN | Market Cap | 16,748 Cr. | Current Price | 752 ₹ | High / Low | 860 ₹ |
| Book Value | 31.1 ₹ | Dividend Yield | 0.00 % | ROCE | 3.15 % | ROE | 2.05 % |
| Face Value | 10.0 ₹ | DMA 50 | 793 ₹ | DMA 200 | 735 ₹ | Chg in FII Hold | -0.81 % |
| Chg in DII Hold | 0.02 % | PAT Qtr | 0.82 Cr. | PAT Prev Qtr | Cr. | RSI | 38.8 |
| MACD | -12.5 | Volume | 2,18,752 | Avg Vol 1Wk | 7,04,313 | Low price | 438 ₹ |
| High price | 860 ₹ | Debt to equity | 0.04 | 52w Index | 74.3 % | Qtr Profit Var | -84.3 % |
| EPS | ₹ | Industry PE | 18.2 |
📊 Technical Analysis
- Chart Patterns: CHOICEIN has corrected from its 52-week high of 860 ₹ and is consolidating near 752 ₹.
- Moving Averages: Price (752 ₹) is below 50 DMA (793 ₹) but above 200 DMA (735 ₹), showing medium-term support but short-term weakness.
- RSI: At 38.8, approaching oversold territory, suggesting potential rebound.
- MACD: Negative (-12.5), confirming bearish momentum.
- Bollinger Bands: Price near lower band, indicating possible support zone.
- Volume Trends: Current volume (2.18 lakh) below 1-week average (7.04 lakh), showing weak participation.
📈 Momentum & Signals
- Short-term Momentum: Weak due to negative MACD and RSI below 40.
- Support Levels: 740 ₹ (near-term), 710 ₹ (major support).
- Resistance Levels: 770 ₹ (short-term), 793 ₹ (50 DMA).
- Optimal Entry Zone: 730–750 ₹ (close to support).
- Optimal Exit Zone: 770–800 ₹ (near resistance).
- Trend Status: Consolidating with bearish bias.
✅ Positive
- Debt-to-equity ratio of 0.04 indicates very low financial risk.
- Stock trading above 200 DMA (735 ₹) shows medium-term resilience.
- DII holdings increased (+0.02%), showing slight domestic institutional support.
⚠️ Limitation
- ROCE (3.15%) and ROE (2.05%) are weak compared to peers.
- Quarterly PAT variation (-84.3%) shows significant earnings slowdown.
- EPS and P/E data unavailable, limiting valuation clarity.
📉 Company Negative News
- FII holdings decreased (-0.81%), showing reduced foreign investor confidence.
- Weak trading volume compared to average, reflecting low market interest.
📈 Company Positive News
- Stock trading near mid-range of 52-week index (74.3%), showing resilience despite correction.
- Low debt levels provide financial stability.
🏭 Industry
- Financial services sector supported by rising retail participation and capital market growth.
- Industry PE at 18.2 — stock valuation comparison limited due to missing P/E data.
🔎 Conclusion
- CHOICEIN is consolidating with short-term bearish signals but medium-term support above 200 DMA.
- Best entry near 730–750 ₹, exit near 770–800 ₹ unless breakout above 800 ₹ occurs.
- Medium-term outlook cautious due to weak fundamentals and earnings slowdown, though low debt and sector demand provide support.