TBOTEK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | TBOTEK | Market Cap | 15,051 Cr. | Current Price | 1,384 ₹ | High / Low | 1,765 ₹ |
| Stock P/E | 318 | Book Value | 75.6 ₹ | Dividend Yield | 0.00 % | ROCE | 14.4 % |
| ROE | 10.3 % | Face Value | 1.00 ₹ | DMA 50 | 1,552 ₹ | DMA 200 | 1,518 ₹ |
| Chg in FII Hold | 0.12 % | Chg in DII Hold | 0.11 % | PAT Qtr | 9.88 Cr. | PAT Prev Qtr | 16.8 Cr. |
| RSI | 28.7 | MACD | -64.4 | Volume | 29,324 | Avg Vol 1Wk | 1,07,612 |
| Low price | 986 ₹ | High price | 1,765 ₹ | PEG Ratio | 13.7 | Debt to equity | 0.12 |
| 52w Index | 51.1 % | Qtr Profit Var | -27.2 % | EPS | 4.23 ₹ | Industry PE | 42.3 |
📈 Chart Patterns & Trend: TBOTEK is trading at 1,384 ₹, well below both the 50 DMA (1,552 ₹) and 200 DMA (1,518 ₹), indicating strong bearish bias. RSI at 28.7 suggests the stock is oversold and may see a technical bounce. MACD at -64.4 confirms heavy bearish momentum. Bollinger Bands place price near the lower band, signaling weakness but possible short-term support.
📊 Volume Trends: Current volume (29k) is significantly lower than the 1-week average (1.07 lakh), reflecting weak participation and declining investor interest.
🎯 Momentum Signals:
- Price below both 50 DMA and 200 DMA confirms bearish trend.
- RSI oversold, indicating possible short-term rebound.
- MACD negative, reinforcing downward momentum.
💡 Entry Zone: 1,350–1,370 ₹ (near recent support).
🚪 Exit Zone: 1,500–1,520 ₹ (near 200 DMA resistance).
🔎 Overall Trend: The stock is reversing from highs and currently in a bearish phase. Sustained recovery requires crossing 1,518–1,552 ₹ with volume support.
Positive
- ROCE of 14.4% and ROE of 10.3% show moderate efficiency.
- FII (+0.12%) and DII (+0.11%) holdings both increased, showing institutional confidence.
- Low debt-to-equity ratio (0.12) reflects financial stability.
Limitation
- Stock trading well below both 50 DMA and 200 DMA, confirming weakness.
- Extremely high P/E of 318 compared to industry PE of 42.3, suggesting severe overvaluation.
- Quarterly PAT declined from 16.8 Cr. to 9.88 Cr., showing earnings pressure.
- PEG ratio of 13.7 highlights poor growth-to-valuation balance.
Company Negative News
- Quarterly profit variation declined (-27.2%).
- Weak trading volumes indicate low investor participation.
Company Positive News
- Institutional holdings increased, signaling confidence.
- Strong fundamentals with low leverage.
Industry
- Industry PE at 42.3 is far lower than TBOTEK’s PE, highlighting extreme premium valuation.
- Technology sector supported by innovation and demand growth.
- Peers may offer better valuation, but TBOTEK shows speculative interest.
Conclusion
TBOTEK is in a bearish phase, trading below key moving averages with weak momentum signals. Entry near 1,350–1,370 ₹ offers limited risk, while resistance lies at 1,500–1,520 ₹. The stock needs stronger volume and a break above 1,552 ₹ to confirm reversal. Long-term fundamentals remain challenged due to high valuation, and short-term traders should be cautious until momentum improves.
I can also prepare a comparative snapshot of TBOTEK vs SYRMA to highlight which one offers stronger near-term trading potential.