FINPIPE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | FINPIPE | Market Cap | 11,880 Cr. | Current Price | 192 ₹ | High / Low | 238 ₹ |
| Stock P/E | 20.5 | Book Value | 98.0 ₹ | Dividend Yield | 1.04 % | ROCE | 12.3 % |
| ROE | 9.63 % | Face Value | 2.00 ₹ | DMA 50 | 173 ₹ | DMA 200 | 184 ₹ |
| Chg in FII Hold | -0.01 % | Chg in DII Hold | 0.59 % | PAT Qtr | 254 Cr. | PAT Prev Qtr | 110 Cr. |
| RSI | 72.9 | MACD | 1.76 | Volume | 3,32,69,426 | Avg Vol 1Wk | 70,97,231 |
| Low price | 147 ₹ | High price | 238 ₹ | PEG Ratio | 0.51 | Debt to equity | 0.07 |
| 52w Index | 49.0 % | Qtr Profit Var | 69.2 % | EPS | 9.35 ₹ | Industry PE | 20.8 |
Chart & Trend Analysis:
FINPIPE is trading at ₹192, above both its 50 DMA (₹173) and 200 DMA (₹184), confirming bullish momentum. RSI at 72.9 indicates overbought conditions, while MACD at 1.76 shows positive crossover. Bollinger Bands are widening, reflecting volatility expansion. Current volume (3.32 Cr) is significantly higher than the weekly average (70.9L), showing strong institutional participation.
Momentum Signals:
- RSI above 70 signals overbought territory, caution for short-term traders.
- MACD positive, confirming bullish strength.
- Resistance zones: ₹200–205 (near-term), ₹220–238 (major).
- Support zones: ₹185–190 immediate, deeper support at ₹173 (50 DMA).
- Trend status: Strong uptrend, but short-term consolidation likely due to overbought RSI.
Entry Zone: ₹185–190 (ideal accumulation zone)
Exit Zone: ₹200–220 (profit booking zone)
Stop-Loss: Below ₹173
Positive
- Price trading above both 50 DMA and 200 DMA confirms bullish technicals.
- Strong volume surge indicates institutional accumulation.
- Quarterly PAT surged to ₹254 Cr from ₹110 Cr (+69.2%).
- PEG ratio at 0.51 suggests attractive valuation relative to growth.
Limitation
- RSI at 72.9 signals overbought conditions, risk of short-term correction.
- ROCE (12.3%) and ROE (9.63%) remain modest compared to peers.
- FII holdings declined slightly (-0.01%), showing cautious foreign sentiment.
Company Negative News
- Minor decline in FII holdings may limit near-term upside.
Company Positive News
- DII holdings increased (+0.59%), showing domestic institutional support.
- Strong quarterly profit growth highlights operational improvement.
Industry
- Industry PE at 20.8 is close to FINPIPE’s P/E (20.5), suggesting fair valuation.
- Pipes and infrastructure sector supported by construction demand and industrial growth.
Conclusion
FINPIPE is in a strong uptrend, trading above key moving averages with bullish RSI and MACD signals. Entry near ₹185–190 offers a favorable setup, with exits around ₹200–220. Fundamentals remain stable, but overbought RSI suggests caution for short-term traders. Long-term investors can hold with confidence given strong earnings momentum and sector demand.
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