FLUOROCHEM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | FLUOROCHEM | Market Cap | 39,568 Cr. | Current Price | 3,602 ₹ | High / Low | 4,054 ₹ |
| Stock P/E | 57.6 | Book Value | 620 ₹ | Dividend Yield | 0.08 % | ROCE | 11.0 % |
| ROE | 9.28 % | Face Value | 1.00 ₹ | DMA 50 | 3,317 ₹ | DMA 200 | 3,451 ₹ |
| Chg in FII Hold | -0.03 % | Chg in DII Hold | 0.67 % | PAT Qtr | 139 Cr. | PAT Prev Qtr | 195 Cr. |
| RSI | 69.0 | MACD | 50.7 | Volume | 5,29,275 | Avg Vol 1Wk | 1,92,059 |
| Low price | 2,917 ₹ | High price | 4,054 ₹ | PEG Ratio | -6.54 | Debt to equity | 0.22 |
| 52w Index | 60.3 % | Qtr Profit Var | -8.86 % | EPS | 61.4 ₹ | Industry PE | 28.9 |
📈 Chart & Trend: FLUOROCHEM is trading above its 50 DMA (3,317 ₹) and 200 DMA (3,451 ₹), showing short-term strength but medium-term resistance near highs. RSI at 69.0 indicates near-overbought conditions, while MACD at 50.7 remains strongly positive. Bollinger Bands show price near the upper band, suggesting resistance and potential profit booking.
🔎 Momentum Signals: Current volume (5.29 lakh) is significantly higher than the 1-week average (1.92 lakh), reflecting strong participation. Momentum remains bullish, but overbought signals suggest caution.
🎯 Entry Zone: 3,500–3,550 ₹ (support near 200 DMA)
🚪 Exit Zone: 3,950–4,050 ₹ (resistance near 52-week high)
📊 Trend Status: Trending upward but overbought; consolidation likely.
Positive
- EPS at 61.4 ₹ supports earnings visibility.
- DII holdings increased (+0.67%), showing domestic institutional confidence.
- Strong trading momentum with price above both DMAs.
- Low debt-to-equity (0.22) ensures financial stability.
Limitation
- High P/E (57.6) compared to industry average (28.9), indicating steep valuation.
- ROCE (11.0%) and ROE (9.28%) remain modest.
- PEG ratio (-6.54) signals weak growth prospects relative to valuation.
- Dividend yield at 0.08% offers negligible income support.
Company Negative News
- Quarterly PAT declined to 139 Cr. from 195 Cr. (-8.86%).
- FII holdings decreased (-0.03%), showing reduced foreign confidence.
Company Positive News
- Strong domestic institutional inflows (+0.67%).
- Price momentum supported by high trading volumes.
Industry
- Industry P/E at 28.9 reflects moderate valuations across chemicals sector.
- Sector supported by demand in specialty chemicals and fluorochemicals.
Conclusion
FLUOROCHEM is in a strong uptrend with bullish momentum but faces valuation concerns and earnings pressure. Entry near 3,500–3,550 ₹ offers cautious accumulation, while profit booking is advised near 3,950–4,050 ₹. Short-term outlook remains bullish but overbought, with long-term prospects dependent on sustaining profitability and sector demand.
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