CREDITACC - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.7

Here’s a detailed breakdown of CreditAccess Grameen Ltd. with a short-term trading perspective

📉 Trend Analysis

Current Price: ₹1,238

Trading above 50 DMA (₹1,227) and well above 200 DMA (₹1,137) → indicative of a mild uptrend.

The price structure shows prior strong rally from ₹750 low to ₹1,401 high, followed by a pullback.

Trend Status: Trending upward, but pausing near DMA zones, hinting at possible consolidation.

📊 Momentum Indicators

RSI: 45.7

Neutral zone; momentum cooling down.

MACD: 21.4

Positive divergence shows latent bullish momentum despite consolidation.

Volume: 3.49L vs 17.5L Avg

Significant drop in volume → reflects weak participation and low conviction.

📈 Moving Averages

Indicator Value (₹) Signal

50 DMA 1,227 Holding above → mild bullish

200 DMA 1,137 Solid long-term support

Support from both DMAs gives a cushion for short-term traders to look for dips.

📎 Bollinger Bands & Volatility

With RSI < 50 and MACD > 0, price may be hovering mid-band.

Band tightening indicates reduced volatility, prepping for a breakout.

🛒 Key Zones

Type Range (₹) Commentary

Entry Zone 1,200–1,230 Near support; accumulation on dips

Resistance 1,280–1,320 Short-term hurdle

Exit Target 1,360–1,400 Close to 52W high — breakout zone

Use trailing stop below ₹1,180 to manage reversal risk.

⚠️ Watchouts

High P/E (102) and PEG (6.99) → signals aggressive valuation.

Debt/Equity Ratio: 2.94 → levered structure adds sensitivity to macro conditions.

Quarterly Profit Drop (-84.9%) despite rising PAT → indicates possible one-time gains or accounting effects.

🧭 Conclusion

CreditAccess Grameen is showing mild bullish consolidation above its moving averages, but low volume and stretched valuations temper short-term optimism. A push past ₹1,280–₹1,320 on volume may trigger a move toward the ₹1,400 zone, while dips below ₹1,200 offer low-risk entry setups.

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