CREDITACC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.3

Here’s a detailed technical analysis of CREDITACCESS GRAMEEN (CREDITACC)

📊 Trend Overview

Current Trend: Trending upward

Price is above both 50 DMA (₹1,306) and 200 DMA (₹1,193), confirming a bullish structure.

RSI at 61.8 is in bullish territory, indicating sustained buying interest.

MACD at 7.95 shows a positive crossover, reinforcing upward momentum.

📈 Technical Indicators

Moving Averages

Price (₹1,390) > 50 DMA (₹1,306) > 200 DMA (₹1,193): Golden crossover confirmed

RSI (61.8)

Bullish zone. A move above 70 would signal overbought conditions.

MACD (7.95)

Positive crossover. Momentum is building.

Bollinger Bands

Price near upper band, suggesting strength but also short-term resistance.

Volume Trends

Current volume (4.69L) > 1-week average (3.83L): Strong accumulation

Indicates institutional interest and breakout potential.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and RSI support continued upside.

Price action above key moving averages confirms trend strength.

FII inflows (+0.75%) add to positive sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,306 50 DMA, short-term base

Support 2 1,250 Previous swing low

Resistance 1 1,426 52-week high

Resistance 2 1,480 Psychological barrier

Resistance 3 1,550 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry: ₹1,310–₹1,340 (on dips near 50 DMA)

Exit Zone: ₹1,420–₹1,480 (partial profit booking)

Aggressive Target: ₹1,550+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD, RSI, and volume

Outlook: Favorable for swing trades and medium-term positions

Valuation: Very high P/E (115) vs industry (62.5), elevated PEG (7.85), and high debt-to-equity (2.94) suggest caution for long-term investors despite strong technicals

Let me know if you'd like a visual chart or a simulated trade setup based on this analysis.

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