HINDZINC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.3
| Stock Code | HINDZINC | Market Cap | 2,74,350 Cr. | Current Price | 649 ₹ | High / Low | 733 ₹ |
| Stock P/E | 20.0 | Book Value | 53.2 ₹ | Dividend Yield | 1.70 % | ROCE | 69.3 % |
| ROE | 76.6 % | Face Value | 2.00 ₹ | DMA 50 | 608 ₹ | DMA 200 | 557 ₹ |
| Chg in FII Hold | 0.85 % | Chg in DII Hold | 0.16 % | PAT Qtr | 4,997 Cr. | PAT Prev Qtr | 3,860 Cr. |
| RSI | 61.5 | MACD | 13.5 | Volume | 46,31,295 | Avg Vol 1Wk | 49,70,020 |
| Low price | 413 ₹ | High price | 733 ₹ | PEG Ratio | 2.17 | Debt to equity | 0.39 |
| 52w Index | 73.7 % | Qtr Profit Var | 67.9 % | EPS | 32.4 ₹ | Industry PE | 60.0 |
📈 Chart Patterns: HINDZINC is trading near its short-term resistance zone (₹649–₹660). The broader structure shows strong recovery from lows (₹413), with price action forming higher highs and bullish continuation capped at ₹733.
📊 Moving Averages: Current price (₹649) is above DMA 50 (₹608) and DMA 200 (₹557), confirming strong bullish momentum.
📉 RSI: At 61.5, RSI indicates moderately strong momentum, but nearing overbought territory.
📈 MACD: Positive at 13.5, showing bullish crossover and continuation of upward momentum.
📉 Bollinger Bands: Price is near the upper band, reflecting bullish momentum but risk of short-term pullback.
📊 Volume Trends: Current volume (46.3L) is slightly below average weekly volume (49.7L), showing moderate participation and limited conviction.
⚡ Short-Term Momentum Signals: Bullish bias with strong momentum; breakout possible if price sustains above ₹660 with volume support.
🎯 Entry Zone: ₹630–₹649 (support region).
🎯 Exit Zone: ₹715–₹733 (resistance zone).
🔀 Trend Status: Trending upward with bullish undertone; consolidation possible near resistance.
Positive
- Strong ROCE (69.3%) and ROE (76.6%) highlight exceptional efficiency.
- EPS at ₹32.4 supports earnings visibility.
- Quarterly PAT surged from ₹3,860 Cr. to ₹4,997 Cr. (+67.9%).
- Price trading above both DMA 50 and DMA 200 confirms bullish trend.
- FII (+0.85%) and DII (+0.16%) holdings increased, showing investor confidence.
Limitation
- Dividend yield at 1.70% is modest.
- Debt-to-equity ratio at 0.39 adds moderate leverage risk.
- Volume slightly below average weekly levels reduces breakout conviction.
- PEG ratio at 2.17 suggests valuation concerns relative to growth.
Company Negative News
- Moderate debt levels compared to peers.
- Volume weakness despite bullish technical setup.
Company Positive News
- Quarterly profit growth (+67.9%) boosts investor sentiment.
- Stock trading near 52-week high reflects bullish sentiment.
- MACD positive, confirming upward momentum.
Industry
- Industry PE at 60.0 vs. HINDZINC PE at 20.0 shows undervaluation.
- Metals sector benefiting from global demand recovery and infrastructure expansion.
Conclusion
HINDZINC is trending upward with strong bullish undertones. Short-term traders may consider entry around ₹630–₹649 with exit near ₹715–₹733. Long-term investors should monitor valuation risks and sector demand before fresh accumulation.
Would you like me to extend this into a sector overlay HTML report comparing HINDZINC with Hindalco, Vedanta, and NMDC, or keep it strictly as a standalone technical rating?