RTNINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | RTNINDIA | Market Cap | 5,269 Cr. | Current Price | 38.1 ₹ | High / Low | 69.7 ₹ |
| Book Value | 8.46 ₹ | Dividend Yield | 0.00 % | ROCE | 10.6 % | ROE | 10.7 % |
| Face Value | 2.00 ₹ | DMA 50 | 42.9 ₹ | DMA 200 | 50.3 ₹ | Chg in FII Hold | 0.22 % |
| Chg in DII Hold | -0.04 % | PAT Qtr | -401 Cr. | PAT Prev Qtr | 514 Cr. | RSI | 30.6 |
| MACD | -1.15 | Volume | 9,41,724 | Avg Vol 1Wk | 12,17,111 | Low price | 37.4 ₹ |
| High price | 69.7 ₹ | Debt to equity | 0.56 | 52w Index | 2.07 % | Qtr Profit Var | -63.8 % |
| EPS | -2.88 ₹ | Industry PE | 56.3 |
📊 Chart Patterns: RTNINDIA is trading at 38.1 ₹, below both 50 DMA (42.9 ₹) and 200 DMA (50.3 ₹). This indicates strong bearish momentum. The price is very close to its 52-week low (37.4 ₹), reflecting heavy downside pressure.
📉 RSI: At 30.6, RSI is near oversold territory, suggesting weak momentum but potential for a short-term bounce.
📉 MACD: Negative at -1.15, confirming bearish crossover and continued downward trend.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and possible mean reversion.
📉 Volume Trends: Current volume (9.41 lakh) is lower than average weekly volume (12.17 lakh), showing reduced participation and lack of strong buying interest.
📌 Momentum Signals: Weak momentum with bearish bias. RSI near oversold may provide short-term relief rally, but MACD confirms continued weakness.
🎯 Entry Zone: 37–38 ₹ (near 52-week low support).
🎯 Exit Zone: 43–45 ₹ (near 50 DMA resistance).
📉 Trend: The stock is trending downward with bearish bias, not yet showing reversal signs.
Positive
- 📈 ROE at 10.7% and ROCE at 10.6% show moderate efficiency.
- 📊 FII holdings increased (+0.22%), showing marginal foreign investor confidence.
- 📈 Stock trading slightly above 52-week low (37.4 ₹), showing resilience at support levels.
Limitation
- ⚠️ Trading below both 50 DMA and 200 DMA, showing technical weakness.
- ⚠️ EPS at -2.88 ₹ indicates losses.
- ⚠️ No P/E ratio available due to negative earnings.
- ⚠️ PEG ratio unavailable, limiting growth valuation analysis.
Company Negative News
- 📉 Quarterly PAT collapsed from 514 Cr. to -401 Cr. (-63.8%).
- 📉 DII holdings decreased (-0.04%), showing reduced domestic institutional confidence.
Company Positive News
- 📈 FII stake increased (+0.22%), reflecting foreign investor optimism.
- 📈 Stock trading near support levels, potential for short-term bounce.
Industry
- 🏭 Industry PE at 56.3, much higher than RTNINDIA’s negative earnings, highlighting sector strength versus company weakness.
- 📊 Infrastructure and power sector showing long-term growth potential, though company-specific risks remain high.
Conclusion
🔎 RTNINDIA is trending downward, trading below key moving averages with weak technical indicators. RSI near oversold levels may provide short-term bounce opportunities, but MACD and volume confirm bearish momentum. Entry near 37–38 ₹ with exit around 43–45 ₹ is optimal for traders. Long-term investors should be cautious given collapsing profits, negative EPS, and weak institutional support.