MANYAVAR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | MANYAVAR | Market Cap | 10,059 Cr. | Current Price | 414 ₹ | High / Low | 850 ₹ |
| Stock P/E | 26.8 | Book Value | 80.8 ₹ | Dividend Yield | 1.94 % | ROCE | 23.6 % |
| ROE | 20.0 % | Face Value | 1.00 ₹ | DMA 50 | 430 ₹ | DMA 200 | 555 ₹ |
| Chg in FII Hold | -1.01 % | Chg in DII Hold | 0.62 % | PAT Qtr | 114 Cr. | PAT Prev Qtr | 135 Cr. |
| RSI | 42.8 | MACD | 1.29 | Volume | 4,41,526 | Avg Vol 1Wk | 3,46,233 |
| Low price | 329 ₹ | High price | 850 ₹ | PEG Ratio | -7.88 | Debt to equity | 0.23 |
| 52w Index | 16.2 % | Qtr Profit Var | 13.0 % | EPS | 15.5 ₹ | Industry PE | 44.9 |
📊 Chart Patterns & Trend: MANYAVAR is trading below both its 50 DMA (430 ₹) and 200 DMA (555 ₹), showing weakness. Price action suggests consolidation with bearish bias between 400–430 ₹ resistance and 329 ₹ support. Trend is leaning towards reversal from highs.
📈 Moving Averages: Current price (414 ₹) is under both DMA levels, signaling short-term pressure. Sustained trading below 430 ₹ keeps bearish outlook intact.
⚖️ RSI: At 42.8, RSI is neutral-to-weak, indicating limited momentum and potential for rebound if buying emerges.
📉 MACD: Slightly positive at 1.29, hinting at mild recovery attempts but not strong enough to confirm bullish reversal.
📊 Bollinger Bands: Price is near the lower band, suggesting oversold conditions and possible bounce from 400 ₹ support zone.
📦 Volume Trends: Current volume (4,41,526) is higher than 1-week average (3,46,233), showing increased activity, possibly accumulation at lower levels.
🎯 Entry Zone: 400–415 ₹ (near support).
🚪 Exit Zone: 430–450 ₹ (near resistance and 50 DMA).
📌 Momentum Signal: Short-term consolidation with weak bullish attempts. A breakout above 450 ₹ could trigger reversal, while failure to hold 400 ₹ may lead to further downside.
Positive
- ✅ Strong ROCE (23.6%) and ROE (20.0%) reflect efficient capital use.
- ✅ Dividend yield at 1.94% provides decent income appeal.
- ✅ EPS at 15.5 ₹ supports valuation strength.
Limitation
- ⚠️ Current price below DMA levels indicates weak momentum.
- ⚠️ PEG ratio (-7.88) suggests poor growth alignment.
- ⚠️ Debt-to-equity at 0.23 is manageable but higher than peers.
Company Negative News
- 📉 Stock corrected sharply from 52-week high (850 ₹) to current levels near 414 ₹.
- 📉 FII holdings decreased by 1.01%, showing reduced foreign investor confidence.
- 📉 PAT declined from 135 Cr. to 114 Cr. quarter-on-quarter.
Company Positive News
- 📈 DII holdings increased by 0.62%, reflecting domestic institutional support.
- 📈 Quarterly profit variation at 13.0% shows resilience despite correction.
Industry
- 🏭 Industry PE at 44.9 indicates sector is moderately valued compared to MANYAVAR’s lower P/E (26.8).
- 🏭 Sector outlook remains steady, with premium brands maintaining investor interest.
Conclusion
🔎 MANYAVAR is in a consolidation phase with bearish bias. Entry near 400–415 ₹ offers limited downside risk, while resistance at 430–450 ₹ should be watched for exits. RSI near neutral levels hints at possible rebound, but sustained weakness below DMA levels keeps trend fragile. Investors should wait for confirmation above 450 ₹ before expecting a trend reversal.