EMCURE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.7

Here’s a detailed technical analysis of EMCURE Pharmaceuticals Ltd.

📊 Trend Overview

Current Trend: Reversing with bearish undertone

Price is below the 50 DMA (₹1,373) but above the 200 DMA (₹1,296), indicating short-term weakness within a medium-term uptrend.

RSI at 39.8 is in bearish territory, suggesting fading momentum.

MACD at -16.2 shows a bearish crossover, confirming downward pressure.

📈 Technical Indicators

Moving Averages

Price (₹1,349) < 50 DMA (₹1,373) but > 200 DMA (₹1,296): Neutral-to-bearish short-term, bullish medium-term

RSI (39.8)

Below 40, signaling weak momentum and potential oversold conditions.

MACD (-16.2)

Bearish crossover. Momentum is fading.

Bollinger Bands

Price near lower band, indicating weakness but also potential support zone.

Volume Trends

Current volume (68.7K) < 1-week average (86.1K): Declining interest

Suggests lack of conviction from buyers.

🔍 Short-Term Momentum Signals

Bearish Bias

MACD and RSI confirm weakening momentum.

Price below 50 DMA suggests short-term resistance.

Institutional sentiment is negative (FII -0.20%, DII -0.60%).

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,296 200 DMA, medium-term base

Support 2 1,250 Previous swing low

Resistance 1 1,373 50 DMA, short-term ceiling

Resistance 2 1,420 Minor psychological barrier

Resistance 3 1,540 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,280–₹1,310 (on dips near support)

Exit Zone: ₹1,420–₹1,540 (partial profit booking)

Aggressive Target: ₹1,600+ if breakout above 50 DMA sustains with volume

🧭 Summary

Trend: Reversing with bearish momentum

Momentum: Weak, confirmed by MACD and RSI

Outlook: Cautious near-term; potential recovery if support at ₹1,296 holds and volume improves

Valuation: High P/E (63.6) vs industry (33.4), moderate ROE/ROCE, and strong profit growth (+210%) suggest long-term potential despite current technical softness

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

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