CREDITACC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | CREDITACC | Market Cap | 20,618 Cr. | Current Price | 1,287 ₹ | High / Low | 1,568 ₹ |
| Stock P/E | 26.5 | Book Value | 490 ₹ | Dividend Yield | 0.00 % | ROCE | 9.96 % |
| ROE | 10.5 % | Face Value | 10.0 ₹ | DMA 50 | 1,295 ₹ | DMA 200 | 1,273 ₹ |
| Chg in FII Hold | 1.26 % | Chg in DII Hold | -0.64 % | PAT Qtr | 340 Cr. | PAT Prev Qtr | 252 Cr. |
| RSI | 46.1 | MACD | 0.38 | Volume | 6,60,789 | Avg Vol 1Wk | 3,05,756 |
| Low price | 1,100 ₹ | High price | 1,568 ₹ | PEG Ratio | -13.3 | Debt to equity | 3.01 |
| 52w Index | 40.0 % | Qtr Profit Var | 619 % | EPS | 48.5 ₹ | Industry PE | 22.2 |
📈 Chart & Trend Analysis: CREDITACC is trading at ₹1,287, hovering around its 50 DMA (₹1,295) and 200 DMA (₹1,273), indicating indecision. RSI at 46.1 suggests mild bearish momentum but not oversold. MACD at 0.38 is flat, showing lack of strong directional bias. Bollinger Bands place price mid-range, signaling consolidation rather than breakout.
🔎 Momentum Signals: Current volume (6.60L) is significantly higher than the 1-week average (3.05L), showing strong participation. Short-term momentum is neutral, with potential for reversal if price sustains above ₹1,300.
🎯 Entry Zone: ₹1,260–₹1,280 (support near DMA cluster)
🚪 Exit Zone: ₹1,340–₹1,360 (resistance zone)
🛑 Stop-Loss: ₹1,240 (below 200 DMA)
📊 Trend Status: Consolidating with weak momentum; possible reversal if price breaks above ₹1,300–₹1,320.
Positive
- EPS at ₹48.5 reflects strong earnings power.
- Quarterly PAT surged from ₹252 Cr. to ₹340 Cr. (+619%).
- FII holdings increased (+1.26%), showing foreign investor confidence.
- Trading near DMA cluster provides technical support.
Limitation
- High debt-to-equity ratio (3.01) indicates significant leverage risk.
- ROCE (9.96%) and ROE (10.5%) are modest compared to peers.
- PEG ratio (-13.3) reflects distorted valuation metrics.
- Neutral MACD and RSI suggest lack of strong momentum.
Company Negative News
- DII holdings decreased (-0.64%), showing reduced domestic institutional support.
- High leverage may pressure margins in adverse conditions.
Company Positive News
- Strong quarterly profit growth (+619%) boosts investor sentiment.
- Stock trading near DMA cluster shows technical resilience.
Industry
- Industry PE at 22.2 is lower than CREDITACC’s 26.5, suggesting premium valuation.
- NBFC sector remains growth-oriented, supported by credit demand in retail and SME segments.
Conclusion
📌 CREDITACC is in a consolidation phase with neutral momentum. Entry near ₹1,260–₹1,280 offers a cautious opportunity, with exit targets around ₹1,340–₹1,360. Strong earnings growth supports sentiment, but high leverage and modest efficiency metrics warrant caution. A breakout above ₹1,300–₹1,320 could signal reversal to bullish trend.
Would you like me to extend this into a sector overlay comparison with other NBFC peers, or keep it focused as a single CREDITACC swing trade report?