⚠ 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.
CYIENT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | CYIENT | Market Cap | 12,611 Cr. | Current Price | 1,135 ₹ | High / Low | 1,537 ₹ |
| Stock P/E | 27.8 | Book Value | 348 ₹ | Dividend Yield | 2.30 % | ROCE | 15.6 % |
| ROE | 13.2 % | Face Value | 5.00 ₹ | DMA 50 | 1,146 ₹ | DMA 200 | 1,242 ₹ |
| Chg in FII Hold | -2.28 % | Chg in DII Hold | 1.09 % | PAT Qtr | 89.5 Cr. | PAT Prev Qtr | 128 Cr. |
| RSI | 50.7 | MACD | -5.07 | Volume | 1,65,467 | Avg Vol 1Wk | 2,38,055 |
| Low price | 1,050 ₹ | High price | 1,537 ₹ | PEG Ratio | -3.45 | Debt to equity | 0.02 |
| 52w Index | 17.4 % | Qtr Profit Var | 25.5 % | EPS | 21.2 ₹ | Industry PE | 25.7 |
📊 Technical Analysis
- Chart Patterns: CYIENT is trading at 1,135 ₹, below its recent high of 1,537 ₹, showing weakness after a rally. Price action suggests sideways consolidation with mild bearish undertones.
- Moving Averages: Current price is below both 50 DMA (1,146 ₹) and 200 DMA (1,242 ₹), confirming short-term and medium-term weakness.
- RSI: At 50.7, the stock is neutral, neither overbought nor oversold.
- MACD: Negative (-5.07), suggesting bearish crossover and weak momentum.
- Bollinger Bands: Price is near the mid-band, indicating consolidation with limited volatility.
- Volume Trends: Current volume (1.65L) is lower than 1-week average (2.38L), showing reduced participation and lack of strong buying interest.
📈 Momentum & Signals
- Short-Term Momentum: Neutral to weak, with potential for consolidation breakout.
- Support Zones: 1,120–1,130 ₹ (near-term support), 1,050 ₹ (strong support).
- Resistance Zones: 1,146 ₹ (50 DMA), 1,200 ₹ (intermediate resistance), 1,242 ₹ (200 DMA).
- Optimal Entry: Around 1,120–1,130 ₹ if support holds.
- Optimal Exit: 1,190–1,220 ₹ range, unless breakout above 1,242 ₹ confirms reversal.
- Trend Status: Currently consolidating with bearish bias; reversal possible only if price sustains above 1,200–1,242 ₹.
✅ Positive
- Dividend yield of 2.30% provides steady income support.
- Low debt-to-equity (0.02) ensures financial stability.
- DII holdings increased (+1.09%), showing domestic institutional support.
- Quarterly profit variation (+25.5%) indicates operational improvement despite lower PAT.
⚠️ Limitation
- Stock P/E (27.8) is slightly higher than industry PE (25.7), suggesting mild overvaluation.
- PEG ratio (-3.45) indicates poor valuation relative to growth.
- Trading below both 50 DMA and 200 DMA confirms weak technical structure.
- ROCE (15.6%) and ROE (13.2%) are modest compared to peers.
📉 Company Negative News
- FII holdings declined (-2.28%), showing reduced foreign investor confidence.
- PAT dropped from 128 Cr. to 89.5 Cr., reflecting earnings slowdown.
📈 Company Positive News
- DII holdings increased (+1.09%), showing domestic support.
- Dividend yield of 2.30% adds investor appeal.
- Quarterly profit variation (+25.5%) highlights operational improvement.
🏭 Industry
- Industry P/E is 25.7, slightly lower than CYIENT’s 27.8, suggesting mild overvaluation.
- IT and engineering services sector remains competitive, with demand linked to digital transformation and outsourcing trends.
📝 Conclusion
- CYIENT is fundamentally stable but technically consolidating with bearish bias.
- Stock may see a relief rally if support near 1,120–1,130 ₹ holds and price sustains above 1,200–1,242 ₹.
- Best strategy: Accumulate cautiously near 1,120–1,130 ₹ with exit around 1,190–1,220 ₹ unless breakout above 1,242 ₹ confirms reversal.