CLEAN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | CLEAN | Market Cap | 7,628 Cr. | Current Price | 718 ₹ | High / Low | 1,600 ₹ |
| Stock P/E | 28.1 | Book Value | 146 ₹ | Dividend Yield | 0.84 % | ROCE | 29.3 % |
| ROE | 21.9 % | Face Value | 1.00 ₹ | DMA 50 | 784 ₹ | DMA 200 | 993 ₹ |
| Chg in FII Hold | -1.13 % | Chg in DII Hold | 0.79 % | PAT Qtr | 51.9 Cr. | PAT Prev Qtr | 64.6 Cr. |
| RSI | 41.0 | MACD | -21.7 | Volume | 3,30,020 | Avg Vol 1Wk | 2,58,202 |
| Low price | 674 ₹ | High price | 1,600 ₹ | PEG Ratio | 3.29 | Debt to equity | 0.00 |
| 52w Index | 4.80 % | Qtr Profit Var | -30.0 % | EPS | 25.6 ₹ | Industry PE | 25.7 |
📈 Chart & Trend: CLEAN is trading at ₹718, below both its 50 DMA (₹784) and 200 DMA (₹993). This indicates short-term and medium-term weakness, with the stock trending downward.
📊 Momentum Indicators:
- RSI at 41.0 suggests mildly oversold conditions, potential for rebound.
- MACD at -21.7 shows bearish crossover, confirming short-term weakness.
- Bollinger Bands: Price near lower band, indicating possible mean reversion.
- Volume: Current volume (3.3 lakh) is higher than 1-week average (2.6 lakh), showing increased participation despite weakness.
🔑 Support & Resistance:
- Support zone: ₹700–₹715
- Resistance zone: ₹780–₹800 (near 50 DMA)
- Breakout resistance: ₹980–₹1,000 (near 200 DMA)
- Long-term support: ₹674
📌 Entry & Exit Zones:
- Entry: ₹700–₹720 (near support)
- Exit: ₹780–₹980 (resistance zone)
- Stop-loss: ₹680
📉 Trend Status: Strong bearish consolidation. Needs a breakout above ₹784–₹993 to confirm reversal and trend continuation.
Positive
- ROCE at 29.3% and ROE at 21.9% reflect strong operational and shareholder returns.
- Debt-to-equity ratio of 0.00 indicates a debt-free balance sheet.
- EPS of ₹25.6 supports earnings visibility.
- DII holdings increased by 0.79%, showing domestic investor confidence.
Limitation
- Stock trading below both 50 DMA and 200 DMA indicates weakness.
- Quarterly PAT declined (₹51.9 Cr vs ₹64.6 Cr), showing earnings pressure.
- FII holdings decreased by 1.13%, showing reduced foreign confidence.
- PEG ratio of 3.29 suggests limited growth relative to valuation.
Company Negative News
- No major recent negative news reported, but earnings decline and reduced FII holdings are concerns.
Company Positive News
- Debt-free status strengthens financial stability.
- Strong ROCE and ROE highlight efficient capital use.
- DII inflows indicate growing domestic confidence.
Industry
- Industry PE at 25.7 vs stock PE at 28.1 shows CLEAN trades at a slight premium.
- Renewable energy and clean technology sector supported by government initiatives, though cyclical risks remain.
Conclusion
⚡ CLEAN is in a bearish consolidation phase, trading below key moving averages. Entry near ₹700–₹720 offers margin of safety, with exit targets around ₹780–₹980. Strong fundamentals, debt-free status, and domestic inflows support long-term prospects, but recent earnings decline and weak momentum indicators pose short-term risks.
Would you like me to extend this into a peer benchmarking overlay comparing CLEAN with other renewable energy and clean-tech companies (like KPI Green, Waaree Renewables, and Borosil Renewables) to highlight relative strength, valuation gaps, and sector rotation opportunities?