CLEAN - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis Summary for CLEAN (Clean Science & Technology Ltd.)

Technical Rating: 2.8

📉 Trend Status & Chart Patterns

Trend Status: The stock is currently in a reversal phase, transitioning from a prior uptrend into a bearish correction.

Pattern Observed: A falling wedge is forming, which may eventually signal a bullish reversal—but confirmation is pending.

Price Action: Trading well below both 50 DMA and 200 DMA, indicating sustained weakness.

📈 Moving Averages

50 DMA: ₹1,377 — Current price is below, signaling short-term bearishness.

200 DMA: ₹1,370 — Also below, confirming medium-term downtrend.

Signal: Bearish alignment; no crossover support.

📊 RSI & MACD

RSI: 28.7 — Deep in oversold territory, suggesting potential for a bounce.

MACD: -51.2 — Strong negative divergence, confirming bearish momentum.

Signal: Momentum is weak but oversold conditions may attract bargain hunters.

📉 Bollinger Bands

Price is hugging the lower band, indicating oversold conditions.

Signal: Possible short-term bounce, but trend remains negative.

🔊 Volume Trends

Current Volume: 74K vs 1-week Avg: 96K — Below average, showing lack of buying interest.

Signal: Weak volume confirms low conviction; no accumulation signs.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,200 Minor support, recently tested

Support 2 1,062 52-week low, strong psychological

Resistance 1 1,370 200 DMA, key resistance

Resistance 2 1,450 Prior breakdown level

🎯 Entry & Exit Zones

Optimal Entry: ₹1,070–₹1,120 (near 52-week low with tight stop-loss)

Exit Target: ₹1,350–₹1,400 (if bounce materializes)

Stop-Loss: ₹1,050 (below key support)

🧭 Final Take

CLEAN is in a bearish reversal with weak momentum and low volume. While RSI suggests oversold conditions, there’s no strong reversal signal yet. Traders should wait for confirmation before entering. Long-term investors may consider accumulating near ₹1,070 with strict risk controls.

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