TITAGARH - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | TITAGARH | Market Cap | 10,576 Cr. | Current Price | 785 ₹ | High / Low | 974 ₹ |
| Stock P/E | 43.4 | Book Value | 193 ₹ | Dividend Yield | 0.13 % | ROCE | 17.5 % |
| ROE | 12.8 % | Face Value | 2.00 ₹ | DMA 50 | 824 ₹ | DMA 200 | 875 ₹ |
| Chg in FII Hold | 1.10 % | Chg in DII Hold | -0.17 % | PAT Qtr | 51.8 Cr. | PAT Prev Qtr | 44.9 Cr. |
| RSI | 43.5 | MACD | -9.60 | Volume | 25,46,779 | Avg Vol 1Wk | 12,92,374 |
| Low price | 655 ₹ | High price | 974 ₹ | PEG Ratio | 0.59 | Debt to equity | 0.25 |
| 52w Index | 40.9 % | Qtr Profit Var | -42.5 % | EPS | 17.6 ₹ | Industry PE | 50.0 |
📊 Chart Patterns: TITAGARH is trading at 785 ₹, below both 50 DMA (824 ₹) and 200 DMA (875 ₹). The price has corrected from its 52-week high (974 ₹) and is consolidating near support levels, showing weakness in momentum.
📈 Moving Averages: Current price is under both short-term and long-term averages, confirming bearish sentiment. A breakout above 825–830 ₹ could indicate recovery, while failure to hold 780 ₹ may trigger further downside.
📉 RSI: At 43.5, RSI suggests weak momentum, leaning towards oversold but not yet at reversal levels.
📉 MACD: Negative at -9.60, showing bearish divergence and lack of strong buying signals.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and potential short-term support.
📊 Volume Trends: Current volume (25.4 lakh) is significantly higher than average weekly volume (12.9 lakh), suggesting heightened activity, possibly due to selling pressure.
📌 Momentum Signals: Short-term momentum remains weak. Support lies around 770–780 ₹, while resistance is near 825–830 ₹.
🎯 Entry Zone: 770–785 ₹ (near support, only for short-term traders with strict stop-loss).
🎯 Exit Zone: 825–830 ₹ (near 50 DMA resistance).
🔎 Trend Status: The stock is consolidating with bearish bias, awaiting breakout direction.
Positive
- EPS of 17.6 ₹ indicates profitability.
- ROCE (17.5%) and ROE (12.8%) reflect efficient capital usage.
- FII holdings increased by 1.10%, showing foreign investor confidence.
- PEG ratio of 0.59 suggests reasonable valuation relative to growth.
Limitation
- Stock trading below both 50 DMA and 200 DMA shows weak technical strength.
- High P/E ratio (43.4) compared to industry PE (50.0) suggests limited upside.
- Dividend yield of 0.13% is very low.
- Quarterly profit variation at -42.5% reflects earnings volatility.
Company Negative News
- DII holdings decreased by -0.17%, showing reduced domestic institutional support.
- Quarterly PAT growth slowed compared to previous quarter.
Company Positive News
- Quarterly PAT improved from 44.9 Cr. to 51.8 Cr.
- FII holdings increased, reflecting foreign investor interest.
Industry
- Industry PE at 50.0 suggests sector trades at higher valuations compared to TITAGARH’s P/E of 43.4.
- Railway and engineering sector remains supported by infrastructure demand.
Conclusion
⚠️ TITAGARH is consolidating with a bearish bias, trading below key moving averages and showing weak momentum. Short-term traders may consider entry near 770–785 ₹ with strict stop-loss, targeting 825–830 ₹ resistance. Long-term investors should wait for a clear reversal above 824 ₹ (50 DMA) with sustained volume before fresh positions.
Would you like me to also prepare a support/resistance HTML visualization so you can quickly spot the trading zones at a glance?