COROMANDEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | COROMANDEL | Market Cap | 54,044 Cr. | Current Price | 1,832 ₹ | High / Low | 2,720 ₹ |
| Stock P/E | 25.7 | Book Value | 423 ₹ | Dividend Yield | 0.66 % | ROCE | 25.4 % |
| ROE | 17.9 % | Face Value | 1.00 ₹ | DMA 50 | 1,976 ₹ | DMA 200 | 2,116 ₹ |
| Chg in FII Hold | -0.77 % | Chg in DII Hold | 1.50 % | PAT Qtr | 228 Cr. | PAT Prev Qtr | 530 Cr. |
| RSI | 36.6 | MACD | -47.4 | Volume | 3,82,418 | Avg Vol 1Wk | 4,27,486 |
| Low price | 1,786 ₹ | High price | 2,720 ₹ | PEG Ratio | 21.8 | Debt to equity | 0.07 |
| 52w Index | 4.90 % | Qtr Profit Var | -27.0 % | EPS | 68.1 ₹ | Industry PE | 16.3 |
📈 Chart & Trend Analysis: COROMANDEL is trading at ₹1,832, below both its 50 DMA (₹1,976) and 200 DMA (₹2,116), signaling technical weakness. RSI at 36.6 indicates bearish momentum nearing oversold territory. MACD at -47.4 confirms strong negative crossover. Bollinger Bands show price leaning toward the lower band, suggesting downside pressure with support near ₹1,800–₹1,820.
🔎 Momentum Signals: Current volume (3.82L) is slightly below the 1-week average (4.27L), reflecting reduced participation. Short-term momentum remains weak, with sellers dominating. A rebound is possible if support near ₹1,800 holds.
🎯 Entry Zone: ₹1,800–₹1,820 (support cluster)
🚪 Exit Zone: ₹1,950–₹1,980 (resistance near 50 DMA)
🛑 Stop-Loss: ₹1,770 (below recent support)
📊 Trend Status: Reversing to bearish bias; consolidation possible if price stabilizes around ₹1,800.
Positive
- Strong ROCE (25.4%) and ROE (17.9%) highlight operational efficiency.
- Low debt-to-equity (0.07) ensures financial stability.
- EPS of ₹68.1 supports earnings strength.
- DII holdings increased (+1.50%), showing domestic investor confidence.
Limitation
- Trading below both 50 DMA and 200 DMA indicates technical weakness.
- MACD negative (-47.4) confirms bearish momentum.
- Quarterly PAT dropped sharply (₹228 Cr vs ₹530 Cr).
- High PEG ratio (21.8) suggests stretched valuations.
Company Negative News
- Decline in FII holdings (-0.77%) shows foreign investor caution.
- Quarterly earnings volatility with sharp PAT decline.
Company Positive News
- Strong fundamentals with low debt and consistent dividend yield (0.66%).
- Operational efficiency reflected in ROCE and ROE metrics.
Industry
- Industry P/E at 16.3 indicates COROMANDEL is trading at a premium (P/E 25.7).
- Agribusiness sector remains cyclical, influenced by fertilizer demand and commodity prices.
Conclusion
⚡ COROMANDEL is showing bearish reversal signals with price below key moving averages and weak momentum indicators. Entry around ₹1,800–₹1,820 offers cautious accumulation, with exit targets at ₹1,950–₹1,980. Strong fundamentals support long-term stability, but near-term weakness and earnings volatility warrant defensive positioning.
Would you like me to extend this into a long-term investment outlook with holding strategies and sector benchmarking, or keep it focused as a short-term swing trade analysis?