NUVOCO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | NUVOCO | Market Cap | 11,427 Cr. | Current Price | 320 ₹ | High / Low | 478 ₹ |
| Stock P/E | 42.2 | Book Value | 264 ₹ | Dividend Yield | 0.00 % | ROCE | 6.40 % |
| ROE | 2.91 % | Face Value | 10.0 ₹ | DMA 50 | 313 ₹ | DMA 200 | 342 ₹ |
| Chg in FII Hold | -0.12 % | Chg in DII Hold | 0.26 % | PAT Qtr | 91.3 Cr. | PAT Prev Qtr | 56.2 Cr. |
| RSI | 54.1 | MACD | 5.11 | Volume | 2,09,409 | Avg Vol 1Wk | 3,20,007 |
| Low price | 276 ₹ | High price | 478 ₹ | PEG Ratio | -7.28 | Debt to equity | 0.41 |
| 52w Index | 21.8 % | Qtr Profit Var | -21.0 % | EPS | 7.28 ₹ | Industry PE | 29.0 |
📊 Chart Analysis: NUVOCO trades at ₹320, above its 50 DMA (₹313) but below the 200 DMA (₹342). This indicates short-term strength but long-term weakness. RSI at 54.1 is neutral, while MACD at 5.11 shows a mild bullish crossover. Bollinger Bands suggest consolidation with limited volatility. Current volume (2,09,409) is below the weekly average (3,20,007), showing reduced participation.
📈 Momentum Signals: Short-term momentum is mildly positive, supported by MACD and price stability above the 50 DMA. However, resistance at the 200 DMA remains a hurdle.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹310–₹320 (near 50 DMA support)
- 📉 Stop-Loss: ₹300 (below recent support)
- 🚀 Exit Zone: ₹340–₹350 (near 200 DMA resistance)
🔎 Trend Status: The stock is consolidating between ₹310–₹340. A breakout above ₹350 could trigger bullish reversal, while a fall below ₹300 may signal weakness.
Positive
- 📌 PAT improved from ₹56.2 Cr. to ₹91.3 Cr. quarter-on-quarter.
- 📌 Price above 50 DMA, showing short-term strength.
- 📌 Low debt-to-equity ratio (0.41), indicating financial stability.
Limitation
- ⚠️ High P/E ratio (42.2) compared to industry average (29.0).
- ⚠️ Weak ROE (2.91%) and ROCE (6.40%), showing poor efficiency.
- ⚠️ Dividend yield at 0%, limiting investor returns.
Company Negative News
- ❌ Quarterly profit variation declined (-21.0%).
- ❌ FII holding decreased (-0.12%), showing reduced foreign confidence.
Company Positive News
- ✅ DII holding increased (+0.26%), reflecting domestic support.
- ✅ EPS at ₹7.28, showing earnings improvement.
Industry
- 🏭 Industry PE at 29.0, lower than NUVOCO’s valuation, suggesting overvaluation.
- 🏭 Cement sector demand supported by infrastructure growth in India.
Conclusion
📌 NUVOCO is consolidating with mild bullish signals. Entry near ₹310–₹320 offers favorable risk-reward, but resistance at ₹340–₹350 must be watched. Long-term investors should be cautious due to high valuation and weak ROE/ROCE, while short-term traders may benefit from momentum-driven moves.
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