CLEAN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | CLEAN | Market Cap | 8,023 Cr. | Current Price | 755 ₹ | High / Low | 1,600 ₹ |
| Stock P/E | 31.9 | Book Value | 155 ₹ | Dividend Yield | 0.79 % | ROCE | 21.6 % |
| ROE | 16.2 % | Face Value | 1.00 ₹ | DMA 50 | 777 ₹ | DMA 200 | 911 ₹ |
| Chg in FII Hold | 3.37 % | Chg in DII Hold | -2.62 % | PAT Qtr | 58.1 Cr. | PAT Prev Qtr | 51.9 Cr. |
| RSI | 44.5 | MACD | -7.50 | Volume | 1,18,041 | Avg Vol 1Wk | 1,87,416 |
| Low price | 652 ₹ | High price | 1,600 ₹ | PEG Ratio | -5.23 | Debt to equity | 0.00 |
| 52w Index | 10.9 % | Qtr Profit Var | -26.1 % | EPS | 23.6 ₹ | Industry PE | 29.6 |
📊 Chart Patterns & Trend: CLEAN is consolidating after a steep decline from its 1,600 ₹ high. Current price (755 ₹) is below both 50 DMA (777 ₹) and 200 DMA (911 ₹), reflecting weakness. Support lies near 740–750 ₹, with resistance at 780–800 ₹. Trendlines suggest sideways consolidation with bearish undertone.
📈 Moving Averages: Price below both 50 DMA and 200 DMA indicates short-term and medium-term weakness.
📉 RSI: At 44.5, RSI is mildly bearish, showing weak momentum.
📉 MACD: Negative (-7.50), confirming bearish momentum.
📊 Bollinger Bands: Price is near the lower band, suggesting oversold conditions with potential for short-term bounce.
📊 Volume Trends: Current volume (1,18,041) is below the 1-week average (1,87,416), showing weak participation and lack of breakout strength.
💡 Momentum Signals: Bearish bias. A breakout above 780–800 ₹ could trigger upside toward 850–900 ₹, while breakdown below 740 ₹ risks further decline.
🎯 Entry Zone: 740–750 ₹ (support region).
🎯 Exit Zone: 780–800 ₹ (resistance region; extended target 850–900 ₹).
📌 Status: Consolidating with bearish bias.
Positive
✔ EPS of 23.6 ₹ supports valuation strength.
✔ Debt-free balance sheet (Debt-to-equity: 0.00).
✔ ROCE (21.6%) and ROE (16.2%) show efficiency.
✔ FII holdings increased (+3.37%), showing foreign investor confidence.
Limitation
⚠ Price trading below both 50 DMA and 200 DMA.
⚠ Negative MACD (-7.50) confirms bearish momentum.
⚠ PEG ratio (-5.23) indicates poor growth prospects relative to valuation.
⚠ Volume below average, limiting breakout potential.
⚠ DII holdings decreased (-2.62%), showing reduced domestic support.
Company Negative News
⚠ Quarterly profit variation (-26.1%) highlights earnings weakness.
⚠ Domestic institutional outflows reflect weaker sentiment.
Company Positive News
✔ PAT growth (58.1 Cr. vs 51.9 Cr.) shows earnings improvement.
✔ Foreign institutional inflows (+3.37%) highlight confidence.
✔ Debt-free balance sheet adds financial resilience.
Industry
⚡ Renewable energy sector benefits from government incentives and rising demand.
📈 Industry PE (29.6) close to CLEAN’s PE (31.9), suggesting fair valuation relative to peers.
Conclusion
📌 CLEAN is consolidating below key moving averages with weak momentum. Entry near 740–750 ₹ offers limited risk-reward, while exits near 780–800 ₹ are prudent unless momentum strengthens for a breakout toward 850–900 ₹. Long-term investors should monitor valuation risks and institutional flows closely.
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