SUPREMEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | SUPREMEIND | Market Cap | 44,318 Cr. | Current Price | 3,487 ₹ | High / Low | 4,740 ₹ |
| Stock P/E | 56.0 | Book Value | 398 ₹ | Dividend Yield | 0.98 % | ROCE | 23.7 % |
| ROE | 18.1 % | Face Value | 2.00 ₹ | DMA 50 | 3,521 ₹ | DMA 200 | 3,881 ₹ |
| Chg in FII Hold | -1.43 % | Chg in DII Hold | 1.16 % | PAT Qtr | 158 Cr. | PAT Prev Qtr | 193 Cr. |
| RSI | 51.7 | MACD | 10.4 | Volume | 85,438 | Avg Vol 1Wk | 2,69,903 |
| Low price | 3,020 ₹ | High price | 4,740 ₹ | PEG Ratio | 25.8 | Debt to equity | 0.06 |
| 52w Index | 27.2 % | Qtr Profit Var | -11.8 % | EPS | 62.2 ₹ | Industry PE | 21.5 |
📈 Chart Patterns & Trend: SUPREMEIND is trading at 3,487 ₹, slightly below the 50 DMA (3,521 ₹) and well below the 200 DMA (3,881 ₹), indicating short-term weakness but medium-term consolidation. RSI at 51.7 suggests neutral momentum. MACD at 10.4 shows mild bullish crossover, hinting at potential recovery. Bollinger Bands place price near the middle range, suggesting sideways consolidation.
📊 Volume Trends: Current volume (85k) is significantly lower than the 1-week average (2.69 lakh), reflecting weak participation and cautious sentiment among traders.
🎯 Momentum Signals:
- Price below 200 DMA but near 50 DMA indicates consolidation.
- RSI neutral, suggesting sideways movement.
- MACD positive, showing mild bullish undertone.
💡 Entry Zone: 3,450–3,500 ₹ (near support).
🚪 Exit Zone: 3,850–3,900 ₹ (near 200 DMA resistance).
🔎 Overall Trend: The stock is consolidating between support and resistance levels. Sustained recovery requires crossing 3,521 ₹ (50 DMA) and 3,881 ₹ (200 DMA) with volume support.
Positive
- Strong ROCE of 23.7% and ROE of 18.1% indicate efficient capital use.
- DII holdings increased (+1.16%), showing domestic institutional confidence.
- Low debt-to-equity ratio (0.06) reflects financial stability.
- EPS of 62.2 ₹ supports long-term valuation.
Limitation
- Stock trading below 200 DMA, confirming medium-term weakness.
- High P/E of 56.0 compared to industry PE of 21.5, suggesting overvaluation.
- Quarterly PAT declined from 193 Cr. to 158 Cr., showing earnings pressure.
- PEG ratio of 25.8 highlights poor growth-to-valuation balance.
Company Negative News
- Quarterly profit variation shows decline (-11.8%).
- FII holdings decreased (-1.43%), reflecting reduced foreign investor confidence.
Company Positive News
- Strong fundamentals with high ROCE and ROE.
- DII support increased, signaling domestic confidence.
- Dividend yield of 0.98% provides steady income for investors.
Industry
- Industry PE at 21.5 is much lower than SUPREMEIND’s PE, highlighting premium valuation.
- Plastics and industrial goods sector supported by infrastructure and manufacturing demand.
- Sector consolidation favors established players like SUPREMEIND despite short-term weakness.
Conclusion
SUPREMEIND is consolidating near support levels with mixed momentum signals. Entry near 3,450–3,500 ₹ offers favorable risk-reward, while resistance lies at 3,850–3,900 ₹. The stock needs stronger volume and a break above 3,881 ₹ to confirm bullish reversal. Long-term fundamentals remain strong, but short-term traders should be cautious until momentum improves.
I can also prepare a comparative snapshot of SUPREMEIND vs SUNDRMFAST to highlight which one offers better near-term trading opportunities.