⚠ 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.
CREDITACC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | CREDITACC | Market Cap | 20,046 Cr. | Current Price | 1,252 ₹ | High / Low | 1,497 ₹ |
| Stock P/E | 41.3 | Book Value | 448 ₹ | Dividend Yield | 0.00 % | ROCE | 9.55 % |
| ROE | 7.86 % | Face Value | 10.0 ₹ | DMA 50 | 1,315 ₹ | DMA 200 | 1,276 ₹ |
| Chg in FII Hold | -0.61 % | Chg in DII Hold | -0.10 % | PAT Qtr | 252 Cr. | PAT Prev Qtr | 126 Cr. |
| RSI | 46.2 | MACD | 0.67 | Volume | 1,78,483 | Avg Vol 1Wk | 9,18,259 |
| Low price | 848 ₹ | High price | 1,497 ₹ | PEG Ratio | 2.83 | Debt to equity | 2.81 |
| 52w Index | 62.3 % | Qtr Profit Var | 353 % | EPS | 30.3 ₹ | Industry PE | 25.4 |
📊 Technical Analysis
- Chart Patterns: CREDITACC is trading at 1,252 ₹, below its recent high of 1,497 ₹, showing weakness after a rally. Price action suggests sideways consolidation with mild bearish undertones.
- Moving Averages: Current price is below 50 DMA (1,315 ₹) but slightly above 200 DMA (1,276 ₹), indicating indecision and consolidation.
- RSI: At 46.2, the stock is neutral, neither overbought nor oversold.
- MACD: Slightly positive (0.67), suggesting weak bullish crossover but limited strength.
- Bollinger Bands: Price is near the mid-band, indicating consolidation with limited volatility.
- Volume Trends: Current volume (1.78L) is much lower than 1-week average (9.18L), showing reduced participation and lack of strong buying interest.
📈 Momentum & Signals
- Short-Term Momentum: Neutral, with potential for consolidation breakout.
- Support Zones: 1,230–1,250 ₹ (near-term support), 1,200 ₹ (strong support), 848 ₹ (long-term support).
- Resistance Zones: 1,315 ₹ (50 DMA), 1,350 ₹ (intermediate resistance), 1,497 ₹ (recent high).
- Optimal Entry: Around 1,230–1,250 ₹ if support holds.
- Optimal Exit: 1,310–1,350 ₹ range, unless breakout above 1,497 ₹ confirms reversal.
- Trend Status: Currently consolidating with mild bullish bias; reversal possible only if price sustains above 1,315–1,350 ₹.
✅ Positive
- Strong quarterly PAT growth (252 Cr. vs 126 Cr.).
- EPS of 30.3 ₹ indicates earnings improvement.
- Stock has delivered strong 52-week performance (+62.3%).
- Trading slightly above 200 DMA shows medium-term support.
⚠️ Limitation
- High P/E (41.3) compared to industry PE (25.4), suggesting overvaluation.
- PEG ratio of 2.83 indicates expensive growth prospects.
- High debt-to-equity (2.81) raises financial risk.
- ROCE (9.55%) and ROE (7.86%) are modest, showing weak capital efficiency.
- No dividend yield, limiting income support for investors.
📉 Company Negative News
- FII holdings declined (-0.61%), showing reduced foreign investor confidence.
- DII holdings also decreased (-0.10%), reflecting cautious sentiment.
📈 Company Positive News
- PAT surged significantly from 126 Cr. to 252 Cr. in recent quarter.
- Strong EPS growth supports valuation despite high P/E.
- Stock has shown robust 52-week performance (+62.3%).
🏭 Industry
- Industry P/E is 25.4, lower than CREDITACC’s 41.3, suggesting relative overvaluation.
- NBFC sector remains growth-oriented but faces challenges from high leverage and regulatory oversight.
📝 Conclusion
- CREDITACC is fundamentally improving but technically consolidating with mild bullish bias.
- Stock may see a relief rally if support near 1,230–1,250 ₹ holds and price sustains above 1,315–1,350 ₹.
- Best strategy: Accumulate cautiously near 1,230–1,250 ₹ with exit around 1,310–1,350 ₹ unless breakout above 1,497 ₹ confirms reversal.