CLEAN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.6

📉 CLEAN is currently in a reversing phase, with bearish momentum indicators and price action below key moving averages.

📊 Technical Overview

• Trend Status: Reversing — price has dropped significantly from its 52-week high of ₹1,600 and is now trading near its yearly low.
• Moving Averages: Current price (₹1,014) is below both 50 DMA (₹1,114) and 200 DMA (₹1,252), confirming bearish sentiment.
• RSI (30.5): Near oversold territory, indicating weak momentum and potential for a short-term bounce.
• MACD (-25.5): Strong negative crossover supports continued bearish pressure.
• Bollinger Bands: Price near lower band, suggesting volatility and possible support zone.
• Volume: Slightly below average (3.57L vs 3.71L), indicating lack of strong buying interest.

📌 Entry & Exit Zones

• Support Zone: ₹980–₹1,000 — potential entry zone if reversal signals emerge.
• Resistance Zone: ₹1,100–₹1,150 — ideal for exit or partial profit booking.
• Breakout Level: ₹1,252 — crossing 200 DMA could signal trend recovery.

✅ Positive

• Strong ROCE (29.3%) and ROE (21.9%) reflect efficient capital use.
• Zero debt and consistent profitability with EPS of ₹27.9.
• Significant increase in FII (+4.93%) and DII (+13.0%) holdings shows institutional confidence.

⚠️ Limitation

• Price trading below key moving averages with bearish momentum indicators.
• High PEG ratio (4.26) suggests overvaluation relative to growth.
• Low 52-week index (4.58%) indicates underperformance relative to broader market.

📰 Company Negative News

• Quarterly PAT declined slightly from ₹78.6 Cr to ₹76.6 Cr.

🌟 Company Positive News

• Strong institutional interest from both foreign and domestic investors.
• Consistent earnings and zero debt position support long-term stability.

🏭 Industry

• Operates in clean energy and renewables, a sector with long-term growth potential but short-term volatility.
• Industry P/E (33.1) is slightly below the stock’s (36.3), indicating mild premium valuation.

🧾 Conclusion

• CLEAN is technically weak in the short term with bearish indicators and declining price action.
• Entry near ₹980–₹1,000 only if reversal signs strengthen; watch for breakout above ₹1,252.
• Long-term investors may hold for fundamentals and sector potential; short-term traders should remain cautious.