TRITURBINE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | TRITURBINE | Market Cap | 22,451 Cr. | Current Price | 707 ₹ | High / Low | 738 ₹ |
| Stock P/E | 64.4 | Book Value | 38.7 ₹ | Dividend Yield | 0.57 % | ROCE | 41.2 % |
| ROE | 30.8 % | Face Value | 1.00 ₹ | DMA 50 | 553 ₹ | DMA 200 | 535 ₹ |
| Chg in FII Hold | -1.57 % | Chg in DII Hold | 1.92 % | PAT Qtr | 78.9 Cr. | PAT Prev Qtr | 106 Cr. |
| RSI | 79.2 | MACD | 40.7 | Volume | 1,48,22,934 | Avg Vol 1Wk | 1,35,16,903 |
| Low price | 428 ₹ | High price | 738 ₹ | PEG Ratio | 1.63 | Debt to equity | 0.00 |
| 52w Index | 90.0 % | Qtr Profit Var | -15.8 % | EPS | 10.6 ₹ | Industry PE | 35.3 |
📊 Chart Analysis: TRITURBINE trades at ₹707, well above its 50 DMA (₹553) and 200 DMA (₹535), signaling strong bullish momentum. RSI at 79.2 indicates overbought conditions, suggesting caution for near-term pullback. MACD at 40.7 is strongly positive, confirming bullish crossover. Bollinger Bands place the price near the upper band, pointing to strong upward momentum. Current volume (148L) is higher than the 1-week average (135L), reflecting strong participation.
📈 Momentum Signals: Short-term momentum is bullish but overextended. Sustained trade above ₹720 could trigger further upside, while support lies near ₹690.
💡 Entry Zone: ₹680–₹700 (support near DMA levels).
🚪 Exit Zone: ₹730–₹740 (resistance near recent highs).
🔎 Trend Status: The stock is trending upward with strong bullish signals, though RSI suggests caution for near-term consolidation.
Positive
- 📌 EPS of ₹10.6 with consistent profitability.
- 📌 ROCE of 41.2% and ROE of 30.8% show excellent efficiency.
- 📌 Debt-free (0.00 debt-to-equity), indicating strong financial stability.
- 📌 Strong 52-week index performance at 90.0% highlights robust momentum.
Limitation
- ⚠️ RSI at 79.2 indicates overbought conditions, risk of short-term correction.
- ⚠️ High P/E of 64.4 compared to industry PE (35.3), suggesting overvaluation.
- ⚠️ PAT declined from ₹106 Cr. to ₹78.9 Cr. (-15.8% variation).
Company Negative News
- ❌ FII holding decreased (-1.57%), showing reduced foreign investor confidence.
- ❌ Quarterly profit decline highlights margin pressure.
Company Positive News
- ✅ DII holding increased (+1.92%), reflecting strong domestic institutional support.
- ✅ Strong trading volumes confirm investor interest.
Industry
- 🌐 Engineering and energy solutions sector remains in growth phase with strong demand.
- 🌐 Industry PE at 35.3 is lower than TRITURBINE’s PE, suggesting premium valuation.
Conclusion
📌 TRITURBINE is trending upward with strong bullish signals supported by MACD, RSI, and moving averages. Traders may consider entries near ₹680–₹700 and exits around ₹730–₹740. While fundamentals are solid with high efficiency and debt-free balance sheet, high valuation, profit decline, and overbought RSI warrant cautious optimism for short-term traders.
For deeper clarity, we could refine support and resistance mapping, expand on volume analysis to confirm sustainability, or dive into RSI and MACD signals for short-term trading cues.