PCBL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | PCBL | Market Cap | 11,473 Cr. | Current Price | 292 ₹ | High / Low | 437 ₹ |
| Stock P/E | 46.8 | Book Value | 103 ₹ | Dividend Yield | 2.06 % | ROCE | 8.53 % |
| ROE | 6.29 % | Face Value | 1.00 ₹ | DMA 50 | 284 ₹ | DMA 200 | 314 ₹ |
| Chg in FII Hold | -0.12 % | Chg in DII Hold | 0.79 % | PAT Qtr | 47.0 Cr. | PAT Prev Qtr | 44.7 Cr. |
| RSI | 54.3 | MACD | 1.12 | Volume | 9,40,706 | Avg Vol 1Wk | 50,18,224 |
| Low price | 226 ₹ | High price | 437 ₹ | PEG Ratio | -2.60 | Debt to equity | 0.65 |
| 52w Index | 31.1 % | Qtr Profit Var | -50.4 % | EPS | 5.99 ₹ | Industry PE | 46.4 |
📊 Chart Analysis: PCBL trades at ₹292, above its 50 DMA (₹284) but below the 200 DMA (₹314), showing short-term strength but long-term weakness. RSI at 54.3 is neutral, while MACD at 1.12 indicates a mild bullish crossover. Bollinger Bands suggest consolidation with moderate volatility. Current volume (9,40,706) is significantly below the weekly average (50,18,224), reflecting weak participation.
📈 Momentum Signals: Short-term momentum is mildly positive, supported by price stability above the 50 DMA and MACD crossover. However, the inability to sustain above the 200 DMA signals long-term resistance.
💹 Entry & Exit Zones:
- ✅ Entry Zone: ₹285–₹295 (near 50 DMA support)
- 📉 Stop-Loss: ₹275 (below recent support)
- 🚀 Exit Zone: ₹310–₹320 (near 200 DMA resistance)
🔎 Trend Status: The stock is currently consolidating between ₹285–₹310. A breakout above ₹320 could trigger bullish momentum, while a drop below ₹275 may signal weakness.
Positive
- 📌 Price above 50 DMA, showing short-term strength.
- 📌 Dividend yield at 2.06%, providing income potential.
- 📌 EPS at ₹5.99, showing earnings stability.
- 📌 DII holding increased (+0.79%), reflecting domestic institutional support.
Limitation
- ⚠️ High P/E ratio (46.8) compared to industry average (46.4), suggesting overvaluation.
- ⚠️ ROE (6.29%) and ROCE (8.53%) are relatively weak, showing poor capital efficiency.
- ⚠️ PEG ratio (-2.60) indicates weak growth relative to valuation.
- ⚠️ Debt-to-equity ratio at 0.65, higher than peers, showing leverage risk.
Company Negative News
- ❌ Quarterly profit variation declined (-50.4%), showing sharp earnings deterioration.
- ❌ FII holding decreased (-0.12%), reflecting reduced foreign investor confidence.
Company Positive News
- ✅ PAT improved slightly from ₹44.7 Cr. to ₹47.0 Cr., showing operational resilience.
- ✅ EPS maintained at ₹5.99, reflecting stable earnings.
Industry
- 🏭 Industry PE at 46.4, close to PCBL’s valuation, suggesting fair pricing relative to peers.
- 🏭 Specialty chemicals and carbon black demand supported by automotive and industrial growth in India.
Conclusion
📌 PCBL is consolidating with mild bullish signals but faces valuation concerns and weak fundamentals. Entry near ₹285–₹295 offers favorable risk-reward, with resistance at ₹310–₹320 as the next target. Long-term investors should be cautious due to high leverage and weak ROE/ROCE, while short-term traders may benefit from momentum-driven moves.
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