KIRLOSBROS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.8

📉 KIRLOSBROS is reversing from its highs with weak momentum indicators and trading below key moving averages, suggesting bearish sentiment and limited short-term upside.

📊 Technical Analysis

• Trend: The stock is reversing from its 52-week high of ₹2,476 and currently trading below both 50 DMA (₹1,962) and 200 DMA (₹1,914), indicating a bearish phase

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• Moving Averages: Price is below key averages, confirming downward pressure and lack of support from trendlines

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• RSI (34.6): Near oversold territory, suggesting weak momentum with potential for a technical bounce

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• MACD (-22.0): Deeply negative, reinforcing bearish momentum

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• Bollinger Bands: Price is near the lower band, indicating oversold conditions and increased volatility

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• Volume: Current volume (64K) is slightly above 1-week average (52K), showing mild accumulation interest

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🎯 Entry & Exit Zones

• Support Zone: ₹1,850 – ₹1,870 (recent base and psychological level)
• Resistance Zone: ₹1,960 – ₹2,000 (DMA levels and prior breakdown zone)
• Optimal Entry: ₹1,860 – ₹1,890 (if RSI stabilizes and MACD flattens)
• Exit Target: ₹1,980 – ₹2,020 (short-term recovery zone)

✅ Positive

• Strong ROCE (20.8%) and ROE (15.8%) indicate efficient capital use.
• EPS of ₹33.8 and PEG ratio of 1.51 suggest reasonable valuation for growth.
• Low debt-to-equity ratio (0.01) reflects a clean balance sheet.
• DII holding increased by 0.11%, showing cautious domestic institutional confidence.

⚠️ Limitation

• Price is trading well below key moving averages, indicating sustained bearish pressure.
• MACD and RSI are weak, showing limited momentum.
• High P/E (57.6) compared to industry average (40.8) suggests overvaluation.

📉 Company Negative News

• Quarterly PAT dropped from ₹100 Cr. to ₹47 Cr., a significant decline.
• FII holding decreased by 0.26%, reflecting reduced foreign investor confidence.

📈 Company Positive News

• Quarterly profit variance of 14.9% YoY shows annual growth.
• Volume spike may indicate accumulation at lower levels.

🏭 Industry

• Industry P/E is 40.8, lower than KIRLOSBROS’s, suggesting relative overvaluation.
• Industrial products sector is cyclical and driven by infrastructure demand and capital expenditure trends.

🧾 Conclusion

• KIRLOSBROS is currently reversing with weak technical indicators and bearish sentiment.
• Short-term traders should wait for RSI to rise above 45 and MACD to flatten before entering.
• Long-term investors may consider accumulating near ₹1,870 with a target of ₹2,020, maintaining stop-loss below ₹1,850.

Sources

tick.dailybulls.in

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