MAHSEAMLES - Technical Analysis with Chart Patterns & Indicators

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

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Technical Rating: 3.5

Technical Analysis Summary

• Trend: Reversing from highs, showing bearish momentum
• Moving Averages: Price (₹568) is below DMA 50 (₹609) and DMA 200 (₹655), confirming downtrend
• RSI (37.2): Weak momentum, approaching oversold zone
• MACD (-11.3): Bearish crossover, confirming negative sentiment
• Bollinger Bands: Price near lower band, suggesting oversold conditions and possible support
• Volume: Slightly below average, indicating reduced participation

Entry & Exit Zones

• Support: ₹560 – ₹567 (recent low and psychological level)
• Resistance: ₹600 – ₹609 (DMA 50 and prior swing zone)
• Optimal Entry: ₹565 – ₹570 if RSI stabilizes and MACD flattens
• Exit Zone: ₹600 – ₹610 if price fails to break above DMA 50

Positive

• Strong quarterly PAT of ₹234 Cr. with 72% profit variation
• Low P/E of 8.54 vs industry average of 24.0
• Zero debt and healthy ROCE (17.2%)
• EPS of ₹66.5 and dividend yield of 1.76%

Limitation

• Price trading below key moving averages
• MACD and RSI indicate bearish momentum
• Decline in both FII (-0.56%) and DII (-0.45%) holdings
• PEG ratio of 2.30 suggests overvaluation relative to growth

Company Negative News

• Weak technical sentiment and institutional outflows

Company Positive News

• Strong earnings and consistent dividend payout
• Zero debt and robust operational efficiency

Industry

• MAHSEAMLES operates in the industrial manufacturing sector
• Peers include Ratnamani Metals, Welspun Corp, and Jindal Saw

Conclusion

MAHSEAMLES is currently reversing from its highs with bearish technical indicators and weak momentum. While fundamentals remain strong, technical weakness and institutional selling suggest caution. Traders may consider entry near ₹565 with tight stop-loss and targets around ₹610.