COROMANDEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | COROMANDEL | Market Cap | 58,463 Cr. | Current Price | 1,982 ₹ | High / Low | 2,720 ₹ |
| Stock P/E | 27.0 | Book Value | 410 ₹ | Dividend Yield | 0.61 % | ROCE | 24.6 % |
| ROE | 17.5 % | Face Value | 1.00 ₹ | DMA 50 | 2,076 ₹ | DMA 200 | 2,160 ₹ |
| Chg in FII Hold | -0.77 % | Chg in DII Hold | 1.50 % | PAT Qtr | 530 Cr. | PAT Prev Qtr | 816 Cr. |
| RSI | 43.3 | MACD | -13.0 | Volume | 4,18,368 | Avg Vol 1Wk | 3,29,164 |
| Low price | 1,818 ₹ | High price | 2,720 ₹ | PEG Ratio | 3.39 | Debt to equity | 0.05 |
| 52w Index | 18.1 % | Qtr Profit Var | 0.86 % | EPS | 76.1 ₹ | Industry PE | 18.5 |
📊 COROMANDEL is trading below both its 50 DMA (2,076 ₹) and 200 DMA (2,160 ₹), signaling technical weakness. RSI at 43.3 indicates bearish momentum, while MACD at -13.0 confirms negative crossover. Current volume (4,18,368) is slightly above average (3,29,164), suggesting selling pressure. Bollinger Bands show price leaning toward the lower band, pointing to a downtrend with possible support near 1,950–1,980 ₹.
🎯 Entry Zone: 1,950 ₹ – 1,980 ₹ (support near 1,982 ₹)
💰 Exit Zone: 2,120 ₹ – 2,150 ₹ (resistance near 2,150 ₹)
🔄 Trend Status: Reversing to bearish bias
Positive
- Strong ROCE (24.6%) and ROE (17.5%) highlight operational efficiency.
- Low debt-to-equity (0.05) ensures financial stability.
- EPS of 76.1 ₹ 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 (-13.0) confirms bearish momentum.
- Quarterly PAT dropped sharply (530 Cr vs 816 Cr).
- High PEG ratio (3.39) 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 (0.61%).
- Operational efficiency reflected in ROCE and ROE metrics.
Industry
- Industry P/E at 18.5 indicates COROMANDEL is trading at a premium (P/E 27.0).
- 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 1,950–1,980 ₹ offers cautious accumulation, with exit targets at 2,120–2,150 ₹. Strong fundamentals support long-term stability, but near-term weakness and earnings volatility warrant defensive positioning.
This captures the short-term technical view. If you’d like, I can also prepare a long-term investment outlook with holding period strategies and sector benchmarking for COROMANDEL.