COROMANDEL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 4.0

📊 Chart Patterns: COROMANDEL is trading above both its 50 DMA (2,273 ₹) and 200 DMA (2,187 ₹), showing bullish alignment. Current price (2,406 ₹) is consolidating after a strong rally from lows (1,590 ₹) and remains well-positioned near trend support.

📈 Moving Averages: Price > 50 DMA > 200 DMA → bullish structure. Sustaining above 2,273 ₹ confirms strength; 2,187 ₹ acts as medium-term support.

📉 RSI: At 45.1, RSI is neutral-to-weak, suggesting consolidation but with room for upside.

📈 MACD: Positive (8.88), confirming bullish crossover and short-term upward momentum.

📊 Bollinger Bands: Price near mid-band, indicating consolidation with potential breakout if volume strengthens.

📊 Volume Trends: Current volume (2,58,916) is slightly above 1-week average (2,32,244), showing steady participation and accumulation.

📍 Support & Resistance:

- Strong support: 2,273 ₹ (50 DMA)

- Major support: 2,187 ₹ (200 DMA)

- Immediate resistance: 2,450–2,500 ₹

- Major resistance: 2,720 ₹ (recent high)

🚦 Momentum Signals: Short-term momentum is bullish with consolidation. Entry zone: 2,300–2,350 ₹ near support. Exit zone: 2,450–2,500 ₹ if resistance is tested. Breakout above 2,720 ₹ would confirm continuation of uptrend.

📈 Trend Status: The stock is trending upward with bullish bias, supported by positive MACD and strong moving average alignment.

Positive

• Stock trading above both 50 DMA and 200 DMA, showing strong technical strength.
• MACD positive, confirming bullish momentum.
• Quarterly PAT growth (+17.3%) indicates strong earnings momentum.
• EPS of 75.9 ₹ supports valuation comfort.
• Debt-to-equity ratio of 0.05 indicates near debt-free status.

Limitation

• RSI at 45.1 indicates consolidation, not strong buying momentum.
• PEG ratio (4.12) suggests expensive valuation relative to growth.
• Dividend yield of 0.52% is modest, limiting income support.

Company Negative News

• FII holdings declined slightly (-0.17%), showing reduced foreign investor confidence.

Company Positive News

• DII holdings increased (+0.02%), reflecting domestic institutional support.
• Quarterly PAT improved to 816 Cr. from 508 Cr., showing strong operational performance.

Industry

• Industry PE at 20.3 is lower than COROMANDEL’s PE (32.8), showing relative overvaluation.
• Agribusiness and fertilizer sector benefits from consistent demand but faces margin pressures due to input costs.

Conclusion

⚖️ COROMANDEL is trending upward with bullish bias, trading above key moving averages and supported by strong earnings growth. Entry near 2,300–2,350 ₹ could be considered for short-term gains, with exit around 2,450–2,500 ₹. A breakout above 2,720 ₹ would confirm continuation of the uptrend. Strong fundamentals and debt-free status support long-term holding, though high valuation and modest dividend yield remain concerns.