TECHNOE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical breakdown of Techno Electric & Engineering (TECHNOE)

📊 Trend Overview

Current Trend: The stock is showing signs of short-term reversal with bearish momentum.

Price Action: Trading at ₹1,431, below the 50-DMA (₹1,471) and slightly above the 200-DMA (₹1,362), indicating weakening momentum and possible support near long-term average.

📈 Momentum Indicators

RSI (41.2): In the lower neutral zone, approaching oversold territory. Suggests limited buying strength.

MACD (-10.5): Negative and diverging from the signal line, confirming bearish momentum.

Volume: Current volume (1.64 lakh) is below the 1-week average (2.31 lakh), indicating waning interest and low conviction.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 1,471 Resistance

200-DMA 1,362 Support

Current Price 1,431 Between DMAs

📌 Bollinger Bands

Price is near the lower band, suggesting oversold conditions and potential for a bounce.

However, lack of volume and weak RSI limit upside potential unless momentum improves.

🧭 Support & Resistance Zones

Immediate Support: ₹1,400 (psychological), ₹1,362 (200-DMA)

Major Support: ₹1,300–₹1,320 zone

Immediate Resistance: ₹1,470–₹1,480 (50-DMA)

Major Resistance: ₹1,600–₹1,625 zone

🎯 Entry & Exit Zones

Optimal Entry: ₹1,360–₹1,380 (near 200-DMA with reversal confirmation)

Exit Zone: ₹1,600–₹1,625 (if bounce occurs), or ₹1,470 (if trend fails to reverse)

🔍 Conclusion

TECHNICALS suggest short-term bearishness with potential for reversal near 200-DMA.

RSI and MACD are weak, and volume is declining.

The stock is not trending but consolidating with a downward bias.

Watch for reversal signals near ₹1,360–₹1,380 before considering entry.

Let me know if you'd like a visual chart or peer comparison with similar mid-cap engineering stocks!

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