⚠ 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.
COROMANDEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | COROMANDEL | Market Cap | 65,560 Cr. | Current Price | 2,222 ₹ | High / Low | 2,720 ₹ |
| Stock P/E | 30.2 | Book Value | 410 ₹ | Dividend Yield | 0.54 % | ROCE | 24.6 % |
| ROE | 17.5 % | Face Value | 1.00 ₹ | DMA 50 | 2,284 ₹ | DMA 200 | 2,215 ₹ |
| Chg in FII Hold | -0.66 % | Chg in DII Hold | 0.81 % | PAT Qtr | 530 Cr. | PAT Prev Qtr | 816 Cr. |
| RSI | 40.9 | MACD | -15.2 | Volume | 47,784 | Avg Vol 1Wk | 2,40,885 |
| Low price | 1,590 ₹ | High price | 2,720 ₹ | PEG Ratio | 3.79 | Debt to equity | 0.05 |
| 52w Index | 56.0 % | Qtr Profit Var | 0.86 % | EPS | 76.1 ₹ | Industry PE | 18.5 |
📊 Technical Analysis
- Chart Patterns: COROMANDEL is trading at 2,222 ₹, below its recent high of 2,720 ₹, showing weakness after a rally. Price action suggests sideways consolidation with bearish undertones.
- Moving Averages: Current price is below 50 DMA (2,284 ₹) but slightly above 200 DMA (2,215 ₹), indicating indecision and consolidation.
- RSI: At 40.9, the stock is approaching oversold territory, suggesting limited downside but weak momentum.
- MACD: Negative (-15.2), confirming bearish crossover and short-term weakness.
- Bollinger Bands: Price is near the lower band, hinting at oversold conditions and possible mean reversion.
- Volume Trends: Current volume (47,784) is much lower than 1-week average (2,40,885), showing reduced participation and lack of strong buying interest.
📈 Momentum & Signals
- Short-Term Momentum: Weak, with potential for a relief rally if RSI-driven bounce occurs.
- Support Zones: 2,200 ₹ (near-term support), 2,150 ₹ (strong support), 1,590 ₹ (long-term support).
- Resistance Zones: 2,284 ₹ (50 DMA), 2,350 ₹ (intermediate resistance), 2,450–2,500 ₹ (major resistance).
- Optimal Entry: Around 2,180–2,220 ₹ if support holds.
- Optimal Exit: 2,280–2,350 ₹ range, unless breakout above 2,450 ₹ confirms reversal.
- Trend Status: Currently consolidating with bearish bias; reversal possible only if price sustains above 2,284–2,350 ₹.
✅ Positive
- Strong market cap (65,560 Cr.) ensures liquidity and stability.
- High EPS (76.1 ₹) reflects strong earnings power.
- ROCE (24.6%) and ROE (17.5%) indicate efficient capital use.
- Low debt-to-equity (0.05) ensures financial resilience.
⚠️ Limitation
- Stock P/E (30.2) is significantly higher than industry PE (18.5), suggesting overvaluation.
- PEG ratio of 3.79 indicates expensive growth prospects.
- Dividend yield of 0.54% is low, offering limited income support.
- Weak technical signals with price below 50 DMA and MACD negative.
📉 Company Negative News
- FII holdings declined (-0.66%), showing reduced foreign investor confidence.
- PAT dropped from 816 Cr. to 530 Cr., reflecting earnings slowdown.