TBOTEK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.5

📊 Chart Patterns: TBOTEK is trading above both its 50 DMA (1,620 ₹) and 200 DMA (1,508 ₹), showing strong support levels. Resistance lies near 1,846 ₹, while support is around 1,620–1,508 ₹. The broader chart suggests an upward trend with consolidation near highs.

📈 Moving Averages: Current price (1,705 ₹) is above both 50 DMA and 200 DMA, signaling bullish momentum.

📉 RSI: At 50.3, RSI is neutral, suggesting balanced momentum without being overbought or oversold.

📈 MACD: Positive (14.4), confirming bullish crossover and continued upward momentum.

📊 Bollinger Bands: Price is near the mid-band, indicating consolidation. A breakout above 1,750–1,800 ₹ could trigger momentum toward 1,846 ₹.

📊 Volume Trends: Current volume (74,810) is significantly lower than average weekly volume (2,14,614), showing weak participation and lack of strong buying interest.

🚦 Momentum Signals: Short-term momentum is mildly bullish. Sustained move above 1,750 ₹ is required for confirmation of trend continuation.

🎯 Entry Zone: 1,600–1,650 ₹ (near DMA support).

🎯 Exit Zone: 1,800–1,846 ₹ (resistance zone).

📌 Trend Status: The stock is trending upward with consolidation near highs.

Positive

• Strong ROCE (14.4%) and ROE (10.3%) indicate decent capital efficiency.
• FII holdings increased by 0.62%, showing foreign investor confidence.
• Low debt-to-equity ratio (0.12) ensures financial stability.
• 52-week performance index at 83.7% highlights strong price appreciation.

Limitation

• Extremely high P/E (391) compared to industry average (39.9), suggesting severe overvaluation.
• PEG ratio of 16.9 indicates expensive growth prospects.
• Volume trends show weak investor participation.

Company Negative News

• PAT declined from 16.8 Cr. to 9.88 Cr. sequentially (-27.2% variation).
• DII holdings decreased by -0.28%, showing weaker domestic institutional support.

Company Positive News

• EPS of 4.23 ₹ reflects consistent earnings despite quarterly slowdown.
• FII inflows highlight confidence in long-term growth potential.

Industry

• Industry P/E at 39.9 indicates moderate valuation compared to TBOTEK’s elevated levels.
• Technology and biotech sector remains supported by innovation and global demand.

Conclusion

⚖️ TBOTEK is trending upward with bullish signals from MACD and moving averages, but weak volume participation suggests caution. Short-term traders may consider entry near 1,600–1,650 ₹ with exit around 1,800–1,846 ₹. Long-term investors should be cautious due to extreme valuations and earnings volatility, though strong sectoral positioning and foreign investor confidence provide resilience.