PRAJIND - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.2

📊 Technical Analysis Summary

• Trend Status: Reversing from uptrend
• Current Price: ₹338
• RSI (38.2): Near oversold — weak momentum
• MACD (-9.11): Bearish crossover — downward pressure
• Volume: Below average (4.06L vs 6.86L) — declining interest
• DMA 50/200: Price below both (₹372 & ₹477) — bearish trend
• Bollinger Bands: Price near lower band — potential support zone

📈 Entry & Exit Zones

• Support Levels: ₹328 / ₹310 / ₹290
• Resistance Levels: ₹372 / ₹400 / ₹450
• Optimal Entry: ₹330–₹340 (if support holds)
• Exit Target: ₹400–₹450 (on technical rebound)

✅ Positive

• Low debt-to-equity ratio (0.03) — strong balance sheet
• ROCE (23.6%) and ROE (18.2%) — efficient capital use
• PEG ratio of 1.52 — reasonable valuation for growth

⚠️ Limitation

• Price below key moving averages — bearish technical setup
• MACD and RSI indicate weak momentum
• Volume below average — low investor participation

📉 Company Negative News

• Quarterly PAT dropped from ₹59 Cr to ₹20 Cr — 71.3% decline
• DII holding declined by 2.60% — domestic investor caution

📈 Company Positive News

• FII holding increased by 0.67% — foreign investor interest
• Dividend yield of 1.78% — steady income potential

🏢 Industry

• PRAJIND operates in bioenergy and engineering — cyclical and innovation-driven sector
• Industry P/E is 35.8 — PRAJIND trades slightly below peers
• Sector benefits from sustainability trends and government biofuel initiatives

🧾 Conclusion

• PRAJIND is currently reversing with weak technical indicators and declining momentum
• Entry near ₹330 may offer upside toward ₹400–₹450 if support holds and sentiment improves
• Fundamentals remain solid, but short-term caution is advised due to recent earnings drop and technical weakness