TITAGARH - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | TITAGARH | Market Cap | 10,193 Cr. | Current Price | 758 ₹ | High / Low | 974 ₹ |
| Stock P/E | 43.0 | Book Value | 193 ₹ | Dividend Yield | 0.13 % | ROCE | 17.5 % |
| ROE | 12.8 % | Face Value | 2.00 ₹ | DMA 50 | 747 ₹ | DMA 200 | 797 ₹ |
| Chg in FII Hold | 0.01 % | Chg in DII Hold | -0.14 % | PAT Qtr | 62.3 Cr. | PAT Prev Qtr | 51.8 Cr. |
| RSI | 49.6 | MACD | 6.36 | Volume | 4,10,972 | Avg Vol 1Wk | 6,56,582 |
| Low price | 569 ₹ | High price | 974 ₹ | PEG Ratio | 0.58 | Debt to equity | 0.25 |
| 52w Index | 46.6 % | Qtr Profit Var | -9.69 % | EPS | 16.6 ₹ | Industry PE | 52.4 |
📊 Chart Analysis: TITAGARH trades at ₹758, slightly above its 50 DMA (₹747) but below the 200 DMA (₹797), showing short-term strength but medium-term weakness. RSI at 49.6 indicates neutral momentum. MACD at 6.36 is mildly positive, suggesting weak bullish crossover. Bollinger Bands place the price near the midline, pointing to consolidation. Current volume (4.1L) is below the 1-week average (6.5L), reflecting reduced participation.
📈 Momentum Signals: Short-term momentum is neutral with mild bullish bias. A move above ₹770 could trigger upside, while a drop below ₹740 risks renewed weakness.
💡 Entry Zone: ₹740–₹760 (support near 50 DMA).
🚪 Exit Zone: ₹790–₹820 (resistance near 200 DMA and trendline).
🔎 Trend Status: The stock is consolidating after falling from its 52-week high of ₹974, with weak volume limiting breakout potential.
Positive
- 📌 EPS of ₹16.6 with consistent profitability.
- 📌 ROCE of 17.5% and ROE of 12.8% show healthy efficiency.
- 📌 PEG ratio of 0.58 suggests attractive valuation relative to growth.
- 📌 PAT improved from ₹51.8 Cr. to ₹62.3 Cr.
Limitation
- ⚠️ Price below 200 DMA indicates medium-term weakness.
- ⚠️ Quarterly profit variation at -9.69% shows margin pressure.
- ⚠️ DII holding decreased (-0.14%), reflecting reduced domestic institutional support.
Company Negative News
- ❌ Decline in quarterly profit growth despite revenue improvement.
- ❌ Weak trading volumes compared to average, limiting momentum strength.
Company Positive News
- ✅ FII holding increased (+0.01%), showing foreign investor confidence.
- ✅ Strong fundamentals with low debt-to-equity ratio (0.25).
Industry
- 🌐 Engineering and manufacturing sector remains in growth phase with strong demand.
- 🌐 Industry PE at 52.4 is higher than TITAGARH’s PE (43.0), suggesting relative undervaluation.
Conclusion
📌 TITAGARH is consolidating with mild bullish signals supported by MACD and RSI. Traders may consider entries near ₹740–₹760 and exits around ₹790–₹820. While fundamentals are solid with attractive PEG ratio and profitability, weak volumes and declining domestic institutional support warrant cautious optimism.
For deeper clarity, we could refine support and resistance mapping, expand on volume analysis to confirm momentum, or dive into MACD and RSI signals for short-term trading cues.