TECHNOE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.8

📉 TECHNOE is currently in a consolidation phase with weakening momentum. Entry zone: ₹1,308–₹1,322; exit zone: ₹1,357–₹1,379. Watch for trend reversal signals near support.

📊 Technical Overview

• Price Action: Current price ₹1,334 is below both 50-DMA (₹1,385) and 200-DMA (₹1,358), indicating short-term bearishness.
• RSI (47.1): Neutral zone, but trending downward; no strong momentum.
• MACD (-18.5): Bearish crossover, confirming declining momentum.
• Bollinger Bands: Price near lower band, suggesting oversold conditions but not yet a bounce.
• Volume: Below 1-week average, indicating reduced participation and lack of breakout strength.
• Support Zones: ₹1,308 (S2), ₹1,322 (S1)
• Resistance Zones: ₹1,357 (R1), ₹1,379 (R2)

Sources: ETMoney Technicals

ET Money

✅ Positive

• Zero debt-to-equity ratio ensures strong financial health.
• EPS of ₹38.8 supports valuation and earnings visibility.
• ROCE (16.6%) and ROE (12.9%) reflect efficient capital use.
• 52-week performance up 58.8%, indicating long-term strength.

⚠️ Limitation

• Stock P/E (36.5) is significantly above industry average (22.1), suggesting overvaluation.
• MACD and RSI both show weakening momentum, limiting short-term upside.
• Volume below average, reducing conviction in price moves.
• Dividend yield of 0.67% is low for income-focused investors.

📉 Company Negative News

• Quarterly PAT dropped from ₹133 Cr. to ₹98.2 Cr., indicating earnings pressure.
• Decline in DII holdings (-1.42%) suggests reduced domestic institutional confidence.

📈 Company Positive News

• FII holdings increased (+0.24%), showing foreign investor interest.
• Quarterly profit variation of +76.5% YoY reflects strong annual growth.

🏢 Industry

• Engineering & Construction sector is cyclical but currently supported by infrastructure push.
• Industry P/E of 22.1 suggests moderate valuation across peers.

🧭 Conclusion

• TECHNOE is consolidating with bearish short-term indicators and neutral momentum.
• Entry zone: ₹1,308–₹1,322; exit zone: ₹1,357–₹1,379.
• Hold for long-term growth if price sustains above ₹1,357 with volume confirmation.