CLEAN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a comprehensive technical analysis of CLEAN

📊 Trend Overview

Current Trend: Reversing with weak momentum

Price is below both 50 DMA (₹1,226) and 200 DMA (₹1,314), indicating a short-term downtrend.

RSI at 51.4 is neutral, showing indecision.

MACD at -12.0 is bearish, suggesting fading momentum.

📈 Technical Indicators

Moving Averages

Price (₹1,190) < 50 DMA (₹1,226) < 200 DMA (₹1,314): Bearish crossover

RSI (51.4)

Neutral zone. No strong momentum signal.

MACD (-12.0)

Negative crossover. Momentum is weak and declining.

Bollinger Bands

Price near middle band, indicating consolidation and low volatility.

Volume Trends

Current volume (1.52L) < 1-week average (2.57L): Weak participation

Suggests lack of conviction in current price action.

🔍 Short-Term Momentum Signals

Bearish Bias

MACD and price below key moving averages point to continued weakness.

RSI hovering near 50 shows indecision, not a reversal signal yet.

Low PEG ratio and zero debt are positives, but technicals remain soft.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,150 Recent swing low

Support 2 1,100 Historical support zone

Resistance 1 1,226 50 DMA, short-term ceiling

Resistance 2 1,314 200 DMA, medium-term barrier

Resistance 3 1,400 Pre-breakdown zone

🎯 Entry & Exit Zones

Optimal Entry: ₹1,150–₹1,180 (on dips near support)

Exit Zone: ₹1,300–₹1,400 (partial profit booking)

Aggressive Target: ₹1,500+ if breakout above 200 DMA sustains

🧭 Summary

Trend: Reversing with weak momentum

Momentum: Soft, confirmed by MACD and volume

Outlook: Cautious; wait for reversal confirmation above ₹1,226

Valuation: Premium P/E (42.6) vs industry (33.9), strong ROE/ROCE, zero debt, but technicals suggest patience

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