KALYANKJIL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.1
| Stock Code | KALYANKJIL | Market Cap | 38,105 Cr. | Current Price | 369 ₹ | High / Low | 618 ₹ |
| Stock P/E | 41.3 | Book Value | 51.1 ₹ | Dividend Yield | 0.41 % | ROCE | 15.7 % |
| ROE | 15.5 % | Face Value | 10.0 ₹ | DMA 50 | 457 ₹ | DMA 200 | 502 ₹ |
| Chg in FII Hold | -0.01 % | Chg in DII Hold | 0.67 % | PAT Qtr | 262 Cr. | PAT Prev Qtr | 256 Cr. |
| RSI | 22.0 | MACD | -34.2 | Volume | 82,26,599 | Avg Vol 1Wk | 78,47,364 |
| Low price | 348 ₹ | High price | 618 ₹ | PEG Ratio | 0.86 | Debt to equity | 0.62 |
| 52w Index | 7.92 % | Qtr Profit Var | 118 % | EPS | 8.94 ₹ | Industry PE | 24.3 |
📊 Chart Patterns & Trend: The stock is trading at ₹369, well below its 50 DMA (₹457) and 200 DMA (₹502), reflecting strong bearish pressure. Price action is near the 52-week low of ₹348, suggesting oversold conditions and possible consolidation before reversal attempts.
📈 Moving Averages: Current price is significantly below both 50 DMA and 200 DMA, confirming downward momentum. A recovery above ₹457 would be the first bullish signal, while sustaining above ₹502 would confirm reversal.
📉 RSI: At 22.0, RSI is in deep oversold territory, indicating potential for a short-term rebound if buying interest emerges.
📉 MACD: Negative at -34.2, showing strong bearish momentum. Trend remains weak until MACD narrows toward zero.
📊 Bollinger Bands: Price is near the lower band, suggesting limited downside and potential mean reversion toward ₹400–₹420.
📊 Volume Trends: Current volume (82.2 Lakh) is slightly above average weekly volume (78.4 Lakh), indicating active participation and possible accumulation at lower levels.
🎯 Entry Zone: ₹355–₹370 (near support and oversold RSI).
🎯 Exit Zone: ₹420–₹455 (near resistance and 50 DMA).
📌 Trend Status: Bearish with signs of consolidation. A reversal may occur if RSI rebounds and price sustains above ₹400–₹420.
Positive
- Strong ROCE (15.7%) and ROE (15.5%) highlight efficient capital use.
- PEG ratio of 0.86 suggests reasonable valuation relative to growth.
- Dividend yield of 0.41% provides steady income for investors.
- Quarterly PAT improved to ₹262 Cr from ₹256 Cr, showing earnings growth.
- Quarterly profit variation (+118%) indicates strong year-on-year performance.
Limitation
- Stock P/E (41.3) is significantly higher than industry PE (24.3), indicating overvaluation.
- Price trading below both 50 DMA and 200 DMA confirms weak momentum.
- Debt-to-equity ratio of 0.62 is relatively high compared to peers.
Company Negative News
- FII holdings decreased (-0.01%), showing reduced foreign investor confidence.
- High leverage compared to industry peers may limit flexibility.
Company Positive News
- DII holdings increased (+0.67%), reflecting strong domestic institutional support.
- EPS at ₹8.94 remains healthy compared to peers in the sector.
Industry
- Industry PE at 24.3 is much lower than the stock’s P/E, suggesting sector trades at more reasonable valuations.
- KALYANKJIL trades at a premium but shows strong growth potential with improving profits.
Conclusion
⚖️ KALYANKJIL is currently in a bearish phase, trading below key moving averages with weak momentum indicators. However, oversold RSI and strong fundamentals provide potential for a short-term rebound. Entry near ₹355–₹370 offers favorable risk-reward, while exits around ₹420–₹455 align with resistance. Sustained buying and a move above ₹457–₹502 would confirm reversal toward bullish momentum.