TECHNOE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | TECHNOE | Market Cap | 14,924 Cr. | Current Price | 1,283 ₹ | High / Low | 1,655 ₹ |
| Stock P/E | 29.5 | Book Value | 336 ₹ | Dividend Yield | 0.70 % | ROCE | 16.6 % |
| ROE | 12.9 % | Face Value | 2.00 ₹ | DMA 50 | 1,147 ₹ | DMA 200 | 1,186 ₹ |
| Chg in FII Hold | 0.12 % | Chg in DII Hold | -0.33 % | PAT Qtr | 152 Cr. | PAT Prev Qtr | 123 Cr. |
| RSI | 65.6 | MACD | 52.5 | Volume | 2,99,768 | Avg Vol 1Wk | 3,66,179 |
| Low price | 870 ₹ | High price | 1,655 ₹ | PEG Ratio | 2.14 | Debt to equity | 0.01 |
| 52w Index | 52.7 % | Qtr Profit Var | 45.2 % | EPS | 45.7 ₹ | Industry PE | 18.5 |
📈 Chart & Trend: TECHNOE is trading well above its 50 DMA (1,147 ₹) and 200 DMA (1,186 ₹), confirming strong bullish momentum. RSI at 65.6 indicates active buying interest but not yet overbought. MACD at 52.5 shows strong bullish crossover. Bollinger Bands are widening, suggesting volatility expansion and potential continuation of the uptrend.
🔑 Momentum Signals: Current price (1,283 ₹) is comfortably above support at 1,250–1,260 ₹. Resistance levels are seen at 1,310 ₹ and 1,340 ₹. Volume (2.99L) is slightly below the 1-week average (3.66L), showing moderate participation but still supportive of trend continuation.
🎯 Entry Zone: 1,250–1,260 ₹ near support.
💰 Exit Zone: 1,310 ₹ (partial profit) and 1,340 ₹ (full exit).
📊 Trend Status: Strong bullish trend with consolidation pauses.
Positive
- ROCE at 16.6% and ROE at 12.9% show profitability.
- EPS at 45.7 ₹ reflects strong earnings power.
- Quarterly PAT improved (152 Cr. vs 123 Cr.), +45.2% variation.
- Price trading above both 50 and 200 DMA confirms bullish structure.
- Low debt-to-equity (0.01) ensures financial stability.
Limitation
- Valuation premium with P/E at 29.5 vs industry PE 18.5.
- PEG ratio at 2.14 indicates growth is priced in.
- DII holdings decreased (-0.33%), showing reduced domestic support.
- Volume slightly below average, limiting breakout strength.
Company Negative News
- Valuation concerns due to high P/E relative to peers.
- Reduced DII participation (-0.33%).
Company Positive News
- Quarterly profit growth of 45.2% shows strong operational performance.
- FII holdings increased (+0.12%), reflecting foreign investor confidence.
Industry
- Industry PE at 18.5 indicates sector trading at moderate valuations compared to TECHNOE’s premium.
- Engineering and technology sector benefiting from infrastructure and automation demand.
Conclusion
TECHNOE is in a strong bullish trend supported by MACD, RSI, and price action above both 50 and 200 DMA. Entry near 1,250–1,260 ₹ is favorable with exits at 1,310–1,340 ₹. While fundamentals are solid with strong EPS and low debt, valuation premium and reduced DII support warrant cautious optimism. Best suited for swing trades with potential medium-term continuation.