TECHNOE - Technical Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to Technical List📊 Technical Analysis for TECHNOE (Techno Electric & Engineering Co. Ltd.)
⭐ Technical Rating
3.4 (Neutral-to-weak technicals with signs of consolidation and potential for breakout if momentum improves)
📉 Chart Patterns & Trend Status
Trend Status: Currently consolidating after a steep rally from ₹785 to ₹1,825.
Pattern Observed: Channel breakout above ₹1,400 followed by a retest and sideways movement.
Candlestick Signals: Mixed signals with recent Inverted Hammer and Bearish Engulfing, suggesting indecision.
📈 Moving Averages
Indicator Value (₹) Signal
50 DMA 1,458 Price near – Neutral
200 DMA 1,316 Price above – Bullish
20 EMA ~1,470 Price slightly below – Mild Bearish
Price hovering around 50 DMA, indicating sideways consolidation.
Still above 200 DMA, so long-term trend remains intact.
📊 Momentum Indicators
Indicator Value Interpretation
RSI 43.7 Bearish zone, but not oversold
MACD -12.8 Bearish crossover, momentum fading
MFI ~38.5 Neutral, no strong accumulation
CCI ~-65 Mild downtrend confirmation
📉 Bollinger Bands & Volume
Price near middle band, suggesting lack of volatility.
Volume below 1-week average → low conviction, typical of consolidation.
📌 Support & Resistance Zones
Level Price (₹)
Support 1 1,440
Support 2 1,410
Resistance 1 1,488
Resistance 2 1,520
Resistance 3 1,585
Trendline resistance near ₹1,520–₹1,585.
Support holding around ₹1,410–₹1,440.
🎯 Entry & Exit Zones
Entry Zone: ₹1,410–₹1,440 (if price holds and RSI improves)
Exit Zone: ₹1,488–₹1,520 (short-term resistance zone)
Stop Loss: ₹1,395 (below recent swing low)
🧭 Summary
TECHNOE is in a consolidation phase after a strong uptrend. Momentum indicators are weak, and volume is tapering off. A breakout above ₹1,488–₹1,520 with rising volume could signal a renewed uptrend, while a breakdown below ₹1,410 may invite further downside. Traders should wait for confirmation signals before entering.
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