SUPREMEIND - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | SUPREMEIND | Market Cap | 46,017 Cr. | Current Price | 3,623 ₹ | High / Low | 4,740 ₹ |
| Stock P/E | 50.5 | Book Value | 429 ₹ | Dividend Yield | 0.94 % | ROCE | 23.2 % |
| ROE | 17.5 % | Face Value | 2.00 ₹ | DMA 50 | 3,743 ₹ | DMA 200 | 3,845 ₹ |
| Chg in FII Hold | -2.11 % | Chg in DII Hold | 2.02 % | PAT Qtr | 382 Cr. | PAT Prev Qtr | 158 Cr. |
| RSI | 41.0 | MACD | -42.8 | Volume | 3,36,538 | Avg Vol 1Wk | 5,95,734 |
| Low price | 3,182 ₹ | High price | 4,740 ₹ | PEG Ratio | 7.29 | Debt to equity | 0.02 |
| 52w Index | 28.3 % | Qtr Profit Var | 46.1 % | EPS | 71.7 ₹ | Industry PE | 22.4 |
📈 Chart Patterns & Trend: SUPREMEIND is trading below both 50 DMA (₹3,743) and 200 DMA (₹3,845), with current price at ₹3,623. The stock is consolidating near support levels but showing bearish undertone. Trend bias is neutral-to-bearish.
📊 Indicators: RSI at 41.0 indicates approaching oversold territory. MACD negative at -42.8 confirms bearish momentum. Bollinger Bands show price near lower band, reflecting selling pressure.
🔎 Volume: Current volume (3.36 Lakh) is below average weekly volume (5.95 Lakh), suggesting weak participation and lack of buying conviction.
🎯 Entry Zone: ₹3,550–₹3,600 (near support and oversold RSI)
🚪 Exit Zone: ₹3,850–₹3,900 (resistance near DMA levels)
Positive
- Strong ROCE (23.2%) and ROE (17.5%) reflect operational efficiency.
- Quarterly PAT growth of 46.1% (₹382 Cr. vs ₹158 Cr.).
- EPS of ₹71.7 supports earnings strength.
- Low debt-to-equity ratio (0.02) ensures financial stability.
- DII holdings increased by 2.02%, showing domestic investor confidence.
Limitation
- High P/E of 50.5 compared to industry average (22.4), indicating premium valuation.
- FII holdings decreased by 2.11%, showing reduced foreign investor interest.
- PEG ratio of 7.29 suggests expensive growth expectations.
- Stock trading below DMA levels shows weak technical strength.
Company Negative News
- No major negative news reported, but valuation premium and foreign investor exit remain concerns.
Company Positive News
- Strong quarterly profit growth supports earnings momentum.
- Domestic institutional investors increased stake, reflecting confidence.
Industry
- Industry PE at 22.4 is much lower than SUPREMEIND’s 50.5, highlighting premium valuation.
- Sector outlook stable with demand recovery in plastics and packaging.
Conclusion
SUPREMEIND is consolidating near support with bearish momentum. Entry near ₹3,550–₹3,600 offers tactical opportunity, with exit around ₹3,850–₹3,900. Fundamentals remain strong, but high valuations and weak technicals limit upside potential. Short-term bias remains cautious.
Would you like me to also prepare a short-term intraday trade setup for SUPREMEIND, with tighter entry/exit levels and momentum triggers, alongside this swing/investment view?