POLYMED - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.9

📊 Technical Analysis Summary

• Trend Status: Consolidating with bullish bias
• Current Price: ₹1,999
• RSI (59.0): Neutral to bullish — approaching strength zone
• MACD (0.76): Positive crossover — mild upward momentum
• Volume: Above average (1.15L vs 1.04L) — rising interest
• DMA 50/200: Price above 50 DMA (₹1,965) but below 200 DMA (₹2,122) — mixed signals
• Bollinger Bands: Price near mid-band — potential for breakout

📈 Entry & Exit Zones

• Support Levels: ₹1,965 / ₹1,940 / ₹1,900
• Resistance Levels: ₹2,050 / ₹2,120 / ₹2,250
• Optimal Entry: ₹1,965–₹1,990 (on dip near support)
• Exit Target: ₹2,120–₹2,250 (if momentum sustains)

✅ Positive

• MACD and volume trends support bullish continuation
• PEG ratio of 1.89 — reasonable valuation for growth
• Low debt-to-equity (0.06) — strong financial discipline
• EPS of ₹34.2 and consistent quarterly profit growth

⚠️ Limitation

• Price below 200 DMA — long-term trend not confirmed
• High P/E (58.4) — premium valuation
• Dividend yield is minimal (0.18%)

📉 Company Negative News

• FII holding declined by 1.64% — foreign investor caution
• 52-week performance up only 11.6% — underperformance vs peers

📈 Company Positive News

• DII holding increased by 1.81% — strong domestic institutional support
• Quarterly PAT improved to ₹87.9 Cr — 21.6% growth

🏢 Industry

• POLYMED operates in medical devices — defensive and innovation-driven sector
• Industry P/E is 50.6 — POLYMED trades at a slight premium
• Sector benefits from healthcare demand and export opportunities

🧾 Conclusion

• POLYMED is currently consolidating with early bullish signals
• Entry near ₹1,965 may offer upside toward ₹2,250 if momentum strengthens
• Valuation is rich — suitable for medium-term accumulation with technical confirmation