ENDURANCE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.7

📊 Chart Patterns & Trend: ENDURANCE is consolidating near its 50 DMA (2,717 ₹). Support lies around 2,580–2,600 ₹, while resistance is seen near 2,750–2,800 ₹. The long-term trend remains intact above the 200 DMA (2,583 ₹).

📈 Moving Averages: Current price (2,682 ₹) is below the 50 DMA but above the 200 DMA, showing short-term weakness but long-term support.

📉 RSI: At 42.6, RSI indicates the stock is approaching oversold territory, suggesting accumulation opportunities.

📉 MACD: Negative (-42.0) reflects bearish momentum, but flattening signals a potential reversal if buying volume increases.

📊 Bollinger Bands: Price is near the lower band, implying limited downside and potential rebound.

📊 Volume Trends: Current volume (35,501) is below the 1-week average (47,614), showing reduced participation and consolidation.

🎯 Entry Zone: 2,600–2,650 ₹ (near support and oversold RSI)

🎯 Exit Zone: 2,750–2,800 ₹ (near resistance and upper band)

Positive

• Strong ROCE (21.5%) and ROE (16.1%) highlight efficient capital usage.
• Low debt-to-equity ratio (0.02) ensures financial stability.
• Quarterly PAT growth from 166 Cr. to 188 Cr. shows earnings momentum.
• FII holdings increased by 0.30%, reflecting foreign investor confidence.

Limitation

• High P/E (54.2) compared to industry average (30.0) suggests overvaluation.
• Dividend yield is low at 0.39%, limiting income appeal.
• Weak trading volume reduces short-term momentum signals.

Company Negative News

• DII holdings decreased by 0.49%, showing reduced domestic institutional confidence.
• Quarterly profit variation is modest (1.49%), indicating limited growth acceleration.

Company Positive News

• EPS at 48.6 ₹ reflects strong earnings capability.
• 52-week performance index at 73.9% shows resilience compared to peers.

Industry

• Industry P/E at 30.0 indicates sector is moderately valued.
• Auto ancillary sector demand expected to improve with recovery in automobile sales.

Conclusion

⚖️ ENDURANCE is in a consolidation phase with short-term weakness but long-term support intact. Entry near 2,600–2,650 ₹ offers favorable risk-reward, while exits around 2,750–2,800 ₹ are optimal. Watch for volume recovery and MACD crossover to confirm a trend reversal.