TECHNOE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | TECHNOE | Market Cap | 15,485 Cr. | Current Price | 1,333 ₹ | High / Low | 1,655 ₹ |
| Stock P/E | 30.6 | Book Value | 336 ₹ | Dividend Yield | 0.67 % | ROCE | 16.6 % |
| ROE | 12.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,191 ₹ | DMA 200 | 1,195 ₹ |
| Chg in FII Hold | 0.12 % | Chg in DII Hold | -0.33 % | PAT Qtr | 152 Cr. | PAT Prev Qtr | 123 Cr. |
| RSI | 66.7 | MACD | 20.5 | Volume | 8,86,609 | Avg Vol 1Wk | 6,70,709 |
| Low price | 870 ₹ | High price | 1,655 ₹ | PEG Ratio | 2.22 | Debt to equity | 0.01 |
| 52w Index | 59.0 % | Qtr Profit Var | 45.2 % | EPS | 45.7 ₹ | Industry PE | 17.6 |
📊 Chart Analysis: TECHNOE trades at ₹1,333, comfortably above both its 50 DMA (₹1,191) and 200 DMA (₹1,195), showing strong bullish momentum. RSI at 66.7 indicates the stock is approaching overbought territory. MACD at 20.5 is strongly positive, confirming bullish crossover. Bollinger Bands show price near the upper band, suggesting strong upward momentum but also caution for possible pullback. Current volume (8.9L) is higher than the 1-week average (6.7L), reflecting strong participation.
📈 Momentum Signals: Short-term momentum is bullish. Sustained trade above ₹1,350 could trigger further upside, while support lies near ₹1,300.
💡 Entry Zone: ₹1,300–₹1,330 (support near DMA levels).
🚪 Exit Zone: ₹1,450–₹1,500 (resistance near recent highs and trendline).
🔎 Trend Status: The stock is trending upward with strong bullish signals, though RSI suggests caution for near-term consolidation.
Positive
- 📌 Strong EPS of ₹45.7 and consistent profitability.
- 📌 ROCE of 16.6% and ROE of 12.9% show healthy returns.
- 📌 Very low debt-to-equity ratio (0.01) indicates financial strength.
- 📌 Quarterly PAT improved from ₹123 Cr. to ₹152 Cr. (+45.2% variation).
Limitation
- ⚠️ RSI at 66.7 suggests overbought conditions, risk of short-term pullback.
- ⚠️ Stock PE of 30.6 is higher than industry PE (17.6), indicating relative overvaluation.
- ⚠️ DII holding decreased (-0.33%), showing reduced domestic institutional support.
Company Negative News
- ❌ Valuation concerns with high PEG ratio (2.22).
- ❌ Risk of profit margin pressure if growth slows.
Company Positive News
- ✅ FII holding increased (+0.12%), reflecting foreign investor confidence.
- ✅ Strong quarterly profit growth and consistent dividend yield (0.67%).
Industry
- 🌐 Engineering and technology sector remains in growth phase with strong demand.
- 🌐 Industry PE at 17.6 is lower than TECHNOE’s PE, suggesting premium valuation for the company.
Conclusion
📌 TECHNOE is trending upward with strong bullish signals supported by MACD and volume. Traders may consider entries near ₹1,300–₹1,330 and exits around ₹1,450–₹1,500. While fundamentals are solid, high valuation and overbought RSI warrant caution for short-term traders.
For deeper insights, we could expand on support and resistance mapping, refine RSI and MACD signals for momentum confirmation, or analyze volume strength to validate sustainability of the current trend.