⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
TECHNOE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | TECHNOE | Market Cap | 13,135 Cr. | Current Price | 1,130 ₹ | High / Low | 1,655 ₹ |
| Stock P/E | 26.0 | Book Value | 336 ₹ | Dividend Yield | 0.80 % | ROCE | 16.6 % |
| ROE | 12.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,097 ₹ | DMA 200 | 1,197 ₹ |
| Chg in FII Hold | -0.69 % | Chg in DII Hold | 0.43 % | PAT Qtr | 152 Cr. | PAT Prev Qtr | 123 Cr. |
| RSI | 54.8 | MACD | 6.14 | Volume | 2,80,818 | Avg Vol 1Wk | 2,81,920 |
| Low price | 785 ₹ | High price | 1,655 ₹ | PEG Ratio | 1.89 | Debt to equity | 0.01 |
| 52w Index | 39.6 % | Qtr Profit Var | 45.2 % | EPS | 45.7 ₹ | Industry PE | 15.2 |
📊 Technical Analysis
- Chart Patterns: Stock is trading above 50 DMA (₹1,097) but below 200 DMA (₹1,197), showing mixed signals. Support at ₹1,097, resistance around ₹1,197–₹1,250.
- Moving Averages: Current price (₹1,130) is slightly above 50 DMA but below 200 DMA, suggesting consolidation.
- RSI: 54.8 — neutral, indicating balanced momentum.
- MACD: 6.14 — bullish crossover, momentum turning positive.
- Bollinger Bands: Price near mid-band, suggesting stability with potential upside.
- Volume Trends: Current volume (2.80L) nearly equal to 1-week average (2.81L), showing steady participation.
📈 Momentum & Signals
- Short-term Momentum: Improving with bullish MACD and neutral RSI.
- Entry Zone: ₹1,100–₹1,120 (near support).
- Exit Zone: ₹1,197–₹1,250 (first resistance), ₹1,300 (next resistance).
- Trend Status: Consolidation with early signs of reversal; breakout above ₹1,197 would confirm bullish trend.
✅ Positive
- Strong EPS at ₹45.7, reflecting profitability.
- Quarterly PAT improved (₹152 Cr vs ₹123 Cr), showing growth momentum.
- Low debt-to-equity ratio (0.01) indicates financial stability.
- ROE at 12.9% and ROCE at 16.6% show efficient capital use.
⚠️ Limitation
- Stock trading below 200 DMA, limiting long-term bullish confirmation.
- FII holding decreased by -0.69%, showing reduced foreign investor confidence.
- Dividend yield at 0.80% is modest compared to peers.
📰 Company Negative News
- Stock corrected from 52-week high of ₹1,655 to current ₹1,130.
- Foreign investor sentiment slightly negative with reduced holdings.
🌟 Company Positive News
- Quarterly profit variation improved by 45.2%, showing strong operational performance.
- DII holdings increased by 0.43%, reflecting domestic confidence.
- PEG ratio at 1.89 suggests reasonable valuation relative to growth.
🏭 Industry
- Industry PE at 15.2, lower than company PE (26.0), indicating TECHNOE trades at a premium.
- Sector outlook remains strong with digital infrastructure demand.
🔎 Conclusion
- TECHNOE is consolidating with bullish signals emerging.
- Short-term traders may consider entry near ₹1,100–₹1,120 with exit around ₹1,197–₹1,250.
- Breakout above ₹1,197 could trigger reversal towards ₹1,300.
- Long-term investors may hold cautiously given premium valuation but strong fundamentals.