FIRSTCRY - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

Here’s a detailed technical analysis of FIRSTCRY

📊 Trend Overview

Status: Consolidating with mild bullish bias

Structure: Price is above the 50-DMA but below the 200-DMA, indicating short-term strength but medium-term resistance.

52-week Index: 23.1% — significant underperformance, far from yearly highs.

📈 Moving Averages

DMA 50: ₹377

DMA 200: ₹423

Current Price: ₹390

🔹 Price is above the 50-DMA, suggesting short-term momentum, but below the 200-DMA, which acts as a ceiling for medium-term breakout.

📉 Momentum Indicators

RSI (14-day): 54.7 — Neutral to mildly bullish zone. No strong momentum signal.

MACD: +6.51 — Bullish crossover, indicating early signs of upward momentum.

Volume: 15.7 lakh vs 1-week avg of 21.5 lakh — Below average, showing reduced participation and weak conviction.

📊 Bollinger Bands

Price is near the middle band, indicating low volatility and range-bound movement. A breakout above ₹400–₹410 could trigger momentum.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 377 50-DMA, immediate support

Support 2 360 Previous swing low

Resistance 1 410 Minor resistance zone

Resistance 2 423 200-DMA, major breakout level

Resistance 3 470–500 Medium-term target if momentum sustains

🎯 Entry & Exit Zones

Optimal Entry: ₹375–₹385 range on pullback with volume confirmation.

Exit Zone: ₹410–₹430 for short-term traders; ₹470+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD is bullish, RSI is neutral, and price is above 50-DMA — suggesting mild upside.

Volume weakness and high P/E (323) raise caution.

Despite a sharp profit rebound, fundamentals remain fragile.

🧭 Summary

Trend: Consolidating with bullish undertone

Momentum: Mild; MACD supports upside, RSI and volume suggest caution

Technical Rating: 3.5 — Neutral setup with breakout potential above ₹423

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