GRAVITA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | GRAVITA | Market Cap | 12,362 Cr. | Current Price | 1,674 ₹ | High / Low | 1,950 ₹ |
| Stock P/E | 41.6 | Book Value | 250 ₹ | Dividend Yield | 0.38 % | ROCE | 19.6 % |
| ROE | 17.3 % | Face Value | 2.00 ₹ | DMA 50 | 1,622 ₹ | DMA 200 | 1,661 ₹ |
| Chg in FII Hold | -1.81 % | Chg in DII Hold | 0.44 % | PAT Qtr | 69.7 Cr. | PAT Prev Qtr | 72.2 Cr. |
| RSI | 53.4 | MACD | 14.0 | Volume | 1,78,100 | Avg Vol 1Wk | 2,39,358 |
| Low price | 1,267 ₹ | High price | 1,950 ₹ | PEG Ratio | 0.97 | Debt to equity | 0.18 |
| 52w Index | 59.6 % | Qtr Profit Var | -5.24 % | EPS | 40.2 ₹ | Industry PE | 19.8 |
📊 GRAVITA is trading at 1,674 ₹, above both its 50 DMA (1,622 ₹) and 200 DMA (1,661 ₹), reflecting short-term strength. RSI at 53.4 indicates moderate momentum, while MACD at 14.0 is positive, confirming bullish bias. Bollinger Bands show price moving in the mid-to-upper range, suggesting upside potential but also risk of consolidation. Current volume (1,78,100) is below the 1-week average (2,39,358), showing reduced participation despite price strength.
- 💰 Optimal Buy Price: 1,650 – 1,670 ₹ (support near DMA levels)
- 📈 Profit-Taking Exit Levels: 1,720 ₹ (first resistance), 1,780 – 1,800 ₹ (trendline resistance)
- 📉 Stop-Loss / Loss Protection: 1,620 ₹ (below support)
- ⏱️ Trend Status: Consolidating with bullish bias; reversal possible if price sustains above 1,720 ₹.
Positive
✅ Price trading above both 50 DMA and 200 DMA confirms bullish structure.
✅ EPS at 40.2 ₹ supports valuation strength.
✅ ROCE at 19.6% and ROE at 17.3% reflect efficient capital use.
✅ PEG ratio of 0.97 suggests fair valuation relative to growth.
✅ DII holdings increased (+0.44%), showing domestic support.
Limitation
⚠️ RSI near neutral levels limits breakout conviction.
⚠️ Volume below average reduces strength of momentum.
⚠️ Sequential PAT decline (69.7 Cr. vs 72.2 Cr.) shows earnings pressure.
⚠️ FII holdings decreased (-1.81%), indicating foreign investor caution.
⚠️ Dividend yield at 0.38% is modest.
Company Negative News
🚫 Sequential earnings decline adds caution.
🚫 Institutional selling by FIIs raises downside risk.
Company Positive News
🌟 Strong return ratios (ROCE, ROE) highlight operational efficiency.
🌟 Domestic institutional inflows (+0.44%) provide support.
🌟 Technical indicators confirm bullish bias above DMA levels.
Industry
🏭 Industry P/E at 19.8 is lower than GRAVITA’s 41.6, showing relative overvaluation.
🏭 Recycling and metals sector outlook remains positive with demand recovery.
Conclusion
📌 GRAVITA is consolidating with bullish bias, supported by strong fundamentals and positive MACD. Entry near 1,650 – 1,670 ₹ offers favorable positioning, while exits at 1,720 – 1,800 ₹ should be monitored. Stop-loss protection at 1,620 ₹ is advised. Despite short-term strength, reduced volume and FII outflows warrant cautious accumulation.
Would you like me to extend this into a swing trade overlay for 1–2 week holding logic, or keep the focus strictly on this intraday technical view?