RRKABEL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

📊 Technical Analysis Summary

• Trend Status: Trending upward
• Current Price: ₹1,411
• RSI (71.6): Overbought — strong momentum but risk of short-term pullback
• MACD (32.8): Bullish crossover — upward momentum confirmed
• Volume: Significantly below average (2.65L vs 14.12L) — waning interest
• DMA 50/200: Price above both (₹1,279 & ₹1,289) — bullish trend confirmation
• Bollinger Bands: Price near upper band — resistance likely near ₹1,450

📈 Entry & Exit Zones

• Support Levels: ₹1,375 / ₹1,330 / ₹1,290
• Resistance Levels: ₹1,450 / ₹1,500 / ₹1,612
• Optimal Entry: ₹1,375–₹1,390 (on pullback from overbought zone)
• Exit Target: ₹1,500–₹1,612 (if momentum sustains)

✅ Positive

• Strong MACD and RSI — bullish technical indicators
• Price above key moving averages — trend confirmation
• Low debt-to-equity ratio (0.14) — strong financial structure
• ROCE (19.7%) and ROE (15.2%) — solid operational efficiency

⚠️ Limitation

• RSI above 70 — overbought zone, risk of short-term correction
• Volume significantly below average — weak conviction
• High P/E (47.7) and PEG (3.52) — expensive valuation

📉 Company Negative News

• FII holding declined by 0.39% — foreign investor caution
• Quarterly PAT dropped from ₹128 Cr to ₹88.8 Cr — 30.6% decline

📈 Company Positive News

• DII holding increased by 0.25% — domestic investor support
• EPS of ₹29.6 and 52-week performance up 76.6% — strong long-term growth

🏢 Industry

• RRKABEL operates in electricals and cables — infrastructure-driven sector
• Industry P/E is 24.5 — RRKABEL trades at a premium
• Sector benefits from urbanization, electrification, and government infrastructure push

🧾 Conclusion

• RRKABEL is currently trending upward with strong technical indicators
• Entry near ₹1,375 may offer upside toward ₹1,612 if momentum continues
• Valuation is stretched and volume is cooling — suitable for momentum traders with short-term outlook