RPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | RPOWER | Market Cap | 9,400 Cr. | Current Price | 22.7 ₹ | High / Low | 76.5 ₹ |
| Book Value | 23.6 ₹ | Dividend Yield | 0.00 % | ROCE | -0.18 % | ROE | -0.99 % |
| Face Value | 10.0 ₹ | DMA 50 | 27.3 ₹ | DMA 200 | 37.0 ₹ | Chg in FII Hold | 0.16 % |
| Chg in DII Hold | -0.70 % | PAT Qtr | -0.67 Cr. | PAT Prev Qtr | 4.73 Cr. | RSI | 36.7 |
| MACD | -1.55 | Volume | 4,67,34,602 | Avg Vol 1Wk | 5,73,37,706 | Low price | 21.1 ₹ |
| High price | 76.5 ₹ | Debt to equity | 0.62 | 52w Index | 2.91 % | Qtr Profit Var | -309 % |
| EPS | -0.24 ₹ | Industry PE | 30.0 |
📊 Chart Analysis: RPOWER is trading well below both its 50 DMA (27.3 ₹) and 200 DMA (37.0 ₹), indicating strong weakness. RSI at 36.7 suggests the stock is nearing oversold territory, while MACD at -1.55 confirms bearish divergence. Bollinger Bands show price leaning towards the lower band, reflecting selling pressure. Current volume (4,67,34,602) is below average (5,73,37,706), showing reduced participation despite heavy correction.
📈 Momentum Signals: Short-term momentum is weak. RSI near 35–40 could trigger a rebound, but MACD remains negative, limiting upside potential.
💰 Entry Zone: 21 ₹ – 23 ₹ (near support levels).
📉 Exit Zone: 27 ₹ – 30 ₹ (resistance near 50 DMA).
🔎 Trend Status: The stock is in a strong downtrend, with only short-term rebound potential if oversold conditions trigger a bounce.
Positive
- Book value of 23.6 ₹ is close to current price, providing some asset backing.
- FII holdings increased (+0.16%), showing slight foreign investor interest.
Limitation
- No meaningful P/E ratio due to negative earnings.
- ROCE (-0.18%) and ROE (-0.99%) are negative, showing poor capital efficiency.
- Trading far below both 50 DMA and 200 DMA, signaling weakness.
Company Negative News
- Quarterly PAT turned negative (-0.67 Cr vs 4.73 Cr).
- DII holdings declined (-0.70%), showing reduced domestic institutional support.
- Stock collapsed from 52-week high (76.5 ₹ to 22.7 ₹).
Company Positive News
- FII holdings increased slightly, indicating some foreign confidence.
- Book value provides limited valuation support despite weak fundamentals.
Industry
- Industry PE at 30.0 highlights profitability in peers, contrasting with RPOWER’s losses.
- Sector outlook remains challenging given weak fundamentals in the company.
Conclusion
⚠️ RPOWER is currently in a strong downtrend. Entry is highly risky, but oversold RSI may trigger short-term rebounds near 21–23 ₹. Exit should be considered near 27–30 ₹ resistance. Long-term investors should avoid until profitability improves and price sustains above 27–37 ₹ with stronger volume.