RHIM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | RHIM | Market Cap | 7,814 Cr. | Current Price | 379 ₹ | High / Low | 548 ₹ |
| Stock P/E | 40.5 | Book Value | 199 ₹ | Dividend Yield | 0.66 % | ROCE | 7.71 % |
| ROE | 5.62 % | Face Value | 1.00 ₹ | DMA 50 | 424 ₹ | DMA 200 | 457 ₹ |
| Chg in FII Hold | -0.37 % | Chg in DII Hold | 0.39 % | PAT Qtr | 68.9 Cr. | PAT Prev Qtr | 41.3 Cr. |
| RSI | 36.0 | MACD | -19.5 | Volume | 1,61,627 | Avg Vol 1Wk | 3,01,615 |
| Low price | 362 ₹ | High price | 548 ₹ | PEG Ratio | -6.95 | Debt to equity | 0.02 |
| 52w Index | 9.19 % | Qtr Profit Var | 22.7 % | EPS | 9.35 ₹ | Industry PE | 32.5 |
📊 Chart Analysis: The stock is trading below both its 50 DMA (424 ₹) and 200 DMA (457 ₹), indicating a bearish trend. RSI at 36 suggests the stock is approaching oversold territory, while MACD at -19.5 confirms negative momentum. Bollinger Bands show price leaning towards the lower band, reflecting weakness. Volume is below average (1,61,627 vs 3,01,615), signaling reduced participation.
📈 Momentum Signals: Short-term momentum is weak with bearish signals. RSI near 30 could trigger a technical rebound, but MACD divergence remains negative.
💰 Entry Zone: 362 ₹ – 370 ₹ (near support levels).
📉 Exit Zone: 420 ₹ – 430 ₹ (resistance near 50 DMA).
🔎 Trend Status: The stock is consolidating with bearish bias, showing signs of possible reversal only if volume picks up and RSI rebounds.
Positive
- Strong quarterly PAT growth (68.9 Cr vs 41.3 Cr).
- Low debt-to-equity ratio (0.02) ensures financial stability.
- Industry PE (32.5) lower than stock PE (40.5), showing sector strength.
Limitation
- High valuation with P/E of 40.5 compared to industry average.
- Weak ROCE (7.71%) and ROE (5.62%) indicate inefficient capital usage.
- Stock trading below both 50 DMA and 200 DMA, signaling weakness.
Company Negative News
- Decline in FII holdings (-0.37%) shows reduced foreign investor confidence.
- Stock has corrected significantly from 52-week high (548 ₹ to 379 ₹).
Company Positive News
- DII holdings increased (+0.39%), showing domestic institutional support.
- Quarterly profit variation of 22.7% reflects improving earnings momentum.
Industry
- Sector PE at 32.5 indicates moderate valuation compared to broader market.
- Industry growth outlook remains stable with demand recovery trends.
Conclusion
⚠️ RHIM is currently in a bearish consolidation phase. Entry is favorable near 362–370 ₹ support with cautious stop-loss. Exit should be considered near 420–430 ₹ resistance. Long-term investors may wait for confirmation of trend reversal above 50 DMA with stronger volume.