SAPPHIRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | SAPPHIRE | Market Cap | 6,608 Cr. | Current Price | 206 ₹ | High / Low | 368 ₹ |
| Book Value | 38.3 ₹ | Dividend Yield | 0.00 % | ROCE | 2.98 % | ROE | -2.01 % |
| Face Value | 2.00 ₹ | DMA 50 | 183 ₹ | DMA 200 | 235 ₹ | Chg in FII Hold | -0.24 % |
| Chg in DII Hold | -0.05 % | PAT Qtr | -4.55 Cr. | PAT Prev Qtr | 0.22 Cr. | RSI | 69.2 |
| MACD | 4.66 | Volume | 1,00,40,822 | Avg Vol 1Wk | 1,37,65,432 | Low price | 140 ₹ |
| High price | 368 ₹ | Debt to equity | 1.08 | 52w Index | 28.8 % | Qtr Profit Var | -2,168 % |
| EPS | -1.51 ₹ | Industry PE | 67.3 |
📊 Chart & Indicators: SAPPHIRE is trading at ₹206, above its 50 DMA (₹183) but below 200 DMA (₹235), showing short-term recovery but weak long-term trend. RSI at 69.2 indicates overbought conditions, while MACD at 4.66 confirms short-term bullish momentum. Price is near resistance (~₹210–₹215) with support around ₹190–₹195. Volume (1.00 Cr) is below weekly average (1.37 Cr), suggesting reduced participation despite recent rally.
🎯 Entry/Exit Zones:
- Buy Zone: ₹190–₹200 (on dips)
- Stop-Loss: ₹185
- Exit Levels: ₹215–₹220 (short-term resistance), ₹230–₹235 (major resistance near 200 DMA)
📈 Trend Status: Short-term uptrend with strong momentum, but overbought RSI and weak fundamentals suggest risk of reversal. Consolidation likely near ₹210–₹215.
✅ Positive
- Price recovery from 52-week low (₹140 → ₹206)
- RSI and MACD confirm short-term bullish momentum
- Strong 52-week index gain of 28.8%
- Price above 50 DMA, showing near-term strength
⚠️ Limitation
- Negative EPS (-₹1.51) and weak ROE (-2.01%)
- ROCE at 2.98% indicates poor efficiency
- Debt-to-equity ratio at 1.08 shows high leverage
- Volume below weekly average, limiting momentum sustainability
📉 Company Negative News
- Quarterly PAT turned negative (-₹4.55 Cr vs ₹0.22 Cr)
- FII holdings reduced (-0.24%)
- DII holdings reduced (-0.05%)
- Sharp profit variation (-2,168%)
📊 Company Positive News
- Short-term momentum supported by RSI and MACD
- Price recovery from 52-week low
- Sector demand recovery aiding sentiment
🏦 Industry
- Industry PE at 67.3, showing sector is expensive
- Consumer sector demand recovery supports short-term growth
- Peers with stronger fundamentals may attract more investor interest
📝 Conclusion
SAPPHIRE shows strong short-term momentum with RSI overbought and MACD positive, but fundamentals remain weak with negative earnings, poor ROE/ROCE, and high debt. Best suited for cautious short-term trades with entry near ₹190–₹200 and exit around ₹215–₹220; long-term investors should avoid until profitability stabilizes.
Would you like me to also prepare an intraday trade rating (1–5) for SAPPHIRE, so you can compare its short-term scalping potential with this swing trade outlook?