LINDEINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | LINDEINDIA | Market Cap | 50,637 Cr. | Current Price | 5,926 ₹ | High / Low | 7,870 ₹ |
| Stock P/E | 100 | Book Value | 463 ₹ | Dividend Yield | 0.08 % | ROCE | 16.9 % |
| ROE | 12.3 % | Face Value | 10.0 ₹ | DMA 50 | 5,971 ₹ | DMA 200 | 6,252 ₹ |
| Chg in FII Hold | -0.32 % | Chg in DII Hold | 0.20 % | PAT Qtr | 169 Cr. | PAT Prev Qtr | 105 Cr. |
| RSI | 48.6 | MACD | -8.77 | Volume | 5,981 | Avg Vol 1Wk | 15,127 |
| Low price | 5,202 ₹ | High price | 7,870 ₹ | PEG Ratio | 7.26 | Debt to equity | 0.02 |
| 52w Index | 27.1 % | Qtr Profit Var | 61.9 % | EPS | 59.3 ₹ | Industry PE | 33.5 |
📊 Chart Patterns & Trend: Linde India is trading at 5,926 ₹, slightly below its 50 DMA (5,971 ₹) and well below its 200 DMA (6,252 ₹). This indicates a consolidation phase with mild bearish bias. The stock is closer to its 52-week low (5,202 ₹) than its high (7,870 ₹), reflecting cautious sentiment.
📈 RSI: At 48.6, RSI is neutral, suggesting balanced momentum without strong overbought or oversold signals.
📉 MACD: Negative at -8.77, showing mild bearish undertone but not a strong downtrend.
📊 Bollinger Bands: Price is near the mid-band, indicating consolidation with limited volatility expansion.
📊 Volume Trends: Current volume (5,981) is significantly lower than average weekly volume (15,127), reflecting weak participation and lack of strong momentum.
🎯 Entry Zone: 5,800–5,900 ₹ (near support and oversold levels).
🎯 Exit Zone: 6,200–6,300 ₹ (near 200 DMA resistance).
Positive
- Market cap of 50,637 Cr. reflects strong industry presence.
- Quarterly PAT improved to 169 Cr. from 105 Cr., showing strong growth.
- DII holdings increased by 0.20%, indicating domestic institutional confidence.
- Debt-to-equity ratio at 0.02 shows near debt-free balance sheet.
- EPS at 59.3 ₹ reflects solid earnings power.
Limitation
- High P/E of 100 compared to industry PE of 33.5, making valuation expensive.
- ROCE (16.9%) and ROE (12.3%) are moderate, not exceptional for such high valuation.
- Dividend yield is negligible at 0.08%.
- PEG ratio of 7.26 indicates earnings growth is not keeping pace with valuation.
- Weak trading volumes reduce conviction in price action.
Company Negative News
- FII holdings decreased by 0.32%, showing reduced foreign investor confidence.
- Stock trading below both 50 DMA and 200 DMA, reflecting weak momentum.
Company Positive News
- Quarterly profit variance of 61.9% indicates strong operational improvement.
- DII stake increase reflects domestic investor confidence.
- EPS growth supports long-term earnings visibility.
Industry
- Industrial gases sector trading at industry PE of 33.5, highlighting Linde India’s overvaluation.
- Sector outlook remains positive with demand from manufacturing and infrastructure growth.
Conclusion
⚖️ Linde India is in a consolidation phase with neutral RSI and mildly bearish MACD. Entry near 5,800–5,900 ₹ offers margin of safety, while exits around 6,200–6,300 ₹ provide profit-taking opportunities. Long-term investors should be cautious due to high valuations and modest ROE/ROCE, while short-term traders may exploit consolidation breakouts for swing trades.
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