⚠ 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.
CLEAN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | CLEAN | Market Cap | 8,486 Cr. | Current Price | 798 ₹ | High / Low | 1,600 ₹ |
| Stock P/E | 31.2 | Book Value | 146 ₹ | Dividend Yield | 0.75 % | ROCE | 29.3 % |
| ROE | 21.9 % | Face Value | 1.00 ₹ | DMA 50 | 894 ₹ | DMA 200 | 1,085 ₹ |
| Chg in FII Hold | -1.13 % | Chg in DII Hold | 0.79 % | PAT Qtr | 51.9 Cr. | PAT Prev Qtr | 64.6 Cr. |
| RSI | 31.7 | MACD | -13.2 | Volume | 7,38,419 | Avg Vol 1Wk | 3,95,194 |
| Low price | 770 ₹ | High price | 1,600 ₹ | PEG Ratio | 3.66 | Debt to equity | 0.00 |
| 52w Index | 3.40 % | Qtr Profit Var | -30.0 % | EPS | 25.6 ₹ | Industry PE | 26.3 |
📊 Technical Analysis
- Chart Patterns: CLEAN has corrected sharply from its 52-week high of 1,600 ₹ and is consolidating near 798 ₹.
- Moving Averages: Price (798 ₹) is below both 50 DMA (894 ₹) and 200 DMA (1,085 ₹), confirming bearish momentum.
- RSI: At 31.7, oversold zone — potential rebound possible.
- MACD: Negative (-13.2), reinforcing bearish sentiment.
- Bollinger Bands: Price near lower band, suggesting possible support zone.
- Volume Trends: Current volume (7.38 lakh) above 1-week average (3.95 lakh), showing strong selling activity.
📈 Momentum & Signals
- Short-term Momentum: Weak due to negative MACD and oversold RSI.
- Support Levels: 780 ₹ (near-term), 770 ₹ (major support).
- Resistance Levels: 820 ₹ (short-term), 894 ₹ (50 DMA).
- Optimal Entry Zone: 780–800 ₹ (close to support).
- Optimal Exit Zone: 820–860 ₹ (near resistance).
- Trend Status: Consolidating with bearish bias, oversold signals suggest possible reversal.
✅ Positive
- Strong ROCE (29.3%) and ROE (21.9%) highlight efficient capital usage.
- EPS of 25.6 ₹ supports earnings visibility.
- DII holdings increased (+0.79%), showing domestic institutional support.
- Debt-free balance sheet (Debt-to-equity 0.00) reduces financial risk.
⚠️ Limitation
- P/E (31.2) above industry PE (26.3), suggesting premium valuation.
- PEG ratio (3.66) indicates expensive valuation relative to growth.
- Quarterly PAT declined (51.9 Cr vs 64.6 Cr), showing earnings pressure.
📉 Company Negative News
- FII holdings decreased (-1.13%), showing reduced foreign investor confidence.
- Quarterly profit variation (-30.0%) highlights earnings slowdown.
- Stock trading near lower end of 52-week index (3.40%), reflecting steep correction.
📈 Company Positive News
- Strong fundamentals with high ROCE and ROE.
- Resilient domestic institutional support with DII inflows.
🏭 Industry
- Renewable energy sector supported by government initiatives and rising demand for clean energy.
- Industry PE at 26.3 vs stock PE at 31.2 — stock trades at premium valuation.
🔎 Conclusion
- CLEAN is consolidating with short-term bearish signals but oversold RSI suggests potential rebound.
- Best entry near 780–800 ₹, exit near 820–860 ₹ unless breakout above 894 ₹ occurs.
- Medium-term outlook cautious due to earnings slowdown and premium valuation, though strong fundamentals and debt-free status provide support.