EIDPARRY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.2

📉 EIDPARRY is currently in a consolidating phase, with price hovering near short-term averages and mixed momentum indicators.

📊 Technical Overview

• Trend Status: Consolidating — price has pulled back from its high of ₹1,247 to ₹1,064, stabilizing near the 50 DMA (₹1,068).
• Moving Averages: Price is near 50 DMA and above 200 DMA (₹989), suggesting medium-term support but short-term indecision.
• RSI (55.1): Neutral zone, indicating balanced momentum with slight bullish bias.
• MACD (1.01): Mildly positive, suggesting potential for upward movement.
• Bollinger Bands: Price near mid-band, consistent with consolidation and low volatility.
• Volume: Below average (1.34L vs 2.98L), indicating reduced participation and cautious sentiment.

📌 Entry & Exit Zones

• Support Zone: ₹1,030–₹1,050 — favorable for entry on dips with confirmation of support.
• Resistance Zone: ₹1,100–₹1,130 — potential exit or partial profit booking zone.
• Breakout Level: ₹1,150+ — crossing this could signal trend continuation toward ₹1,200+.

✅ Positive

• Price above 200 DMA and RSI above 50 suggest underlying strength.
• Positive MACD crossover and stable price action near support levels.
• Institutional interest from DIIs (+1.11%) and FIIs (+0.11%).

⚠️ Limitation

• Extremely high P/E (2,507) and negative EPS (-₹21.2) raise serious valuation concerns.
• ROCE (1.66%) and ROE (-0.79%) reflect poor capital efficiency.
• Volume significantly below average, suggesting weak conviction in current price levels.

📰 Company Negative News

• Quarterly PAT dropped to -₹27.9 Cr from ₹76.6 Cr, indicating earnings volatility.

🌟 Company Positive News

• Quarterly profit variation of +64.5% suggests potential recovery signs despite recent loss.
• Rising domestic institutional interest and technical support near key levels.

🏭 Industry

• Operates in sugar and agribusiness, a cyclical sector influenced by commodity prices and government policies.
• Industry P/E (23.1) is significantly lower than the stock’s, indicating a valuation premium or distortion.

🧾 Conclusion

• EIDPARRY is technically consolidating with mixed indicators and weak fundamentals.
• Entry near ₹1,030–₹1,050 is attractive only with confirmation of support; watch for breakout above ₹1,150.
• Investors should monitor earnings consistency and valuation risks; short-term traders should remain cautious.