TITAGARH - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.3

📈 Technical Analysis

• Chart Patterns: TITAGARH is trading near lower end of its 52-week range, showing weakness and bearish bias.
• Moving Averages: Current price (785 ₹) is below both 50 DMA (833 ₹) and 200 DMA (891 ₹), confirming downward pressure.
• RSI: At 36.0, RSI indicates weak momentum and is close to oversold territory.
• MACD: Negative at -22.9, signaling bearish continuation.
• Bollinger Bands: Price near lower band, suggesting oversold condition and potential minor rebound.
• Volume Trends: Current volume (11.9L) is higher than average weekly volume (7.3L), showing strong selling activity.

🎯 Momentum & Trade Zones

• Support Levels: 770 ₹ immediate support, 740 ₹ strong support, and long-term support at 655 ₹.
• Resistance Levels: 833 ₹ (50 DMA) and 891 ₹ (200 DMA).
• Entry Zone: Accumulate cautiously near 770–785 ₹ if rebound signals appear.
• Exit Zone: Short-term exit near 830–850 ₹; medium-term exit near 890–900 ₹.
• Trend: Stock is currently reversing downward but may consolidate near support levels.

✅ Positive

• Strong ROCE (17.5%) and ROE (12.8%).
• EPS at 17.6 ₹ shows earnings base.
• PEG ratio at 0.58 indicates reasonable valuation relative to growth.
• DII holding increased by 1.10%, reflecting domestic institutional support.

⚠️ Limitation

• Stock trading below both 50 & 200 DMA, confirming bearish trend.
• High P/E ratio (43.4) compared to industry average (45.6), suggesting premium valuation.
• Dividend yield at only 0.13%, offering minimal shareholder return.
• RSI weak and MACD negative, showing lack of momentum.

📉 Company Negative News

• Quarterly profit variation at -42.5%, showing earnings decline.
• Stock has lost momentum with 52-week index at only 19.2%.

📊 Company Positive News

• Quarterly PAT improved from 44.9 Cr. to 51.8 Cr.
• FII holding increased slightly (+0.07%).
• DII holding increased significantly (+1.10%), showing domestic support.

🏭 Industry

• Industry P/E at 45.6, slightly higher than TITAGARH’s 43.4, suggesting fair valuation relative to peers.
• Sector outlook remains steady with infrastructure demand, though margins are under pressure.

📝 Conclusion

• TITAGARH is in a bearish reversal phase, trading below key moving averages.
• Oversold signals suggest possible short-term bounce, but fundamentals remain mixed.
• Best strategy: cautious accumulation near 770–785 ₹ with strict stop-loss; exit near 830–850 ₹.
• Medium-term outlook cautious; recovery depends on sustaining earnings growth and crossing 833–891 ₹ resistance levels.