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TRITURBINE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | TRITURBINE | Market Cap | 15,143 Cr. | Current Price | 476 ₹ | High / Low | 675 ₹ |
| Stock P/E | 41.8 | Book Value | 35.1 ₹ | Dividend Yield | 0.84 % | ROCE | 47.6 % |
| ROE | 36.5 % | Face Value | 1.00 ₹ | DMA 50 | 490 ₹ | DMA 200 | 531 ₹ |
| Chg in FII Hold | -1.22 % | Chg in DII Hold | 0.72 % | PAT Qtr | 106 Cr. | PAT Prev Qtr | 95.5 Cr. |
| RSI | 47.6 | MACD | -7.72 | Volume | 3,47,008 | Avg Vol 1Wk | 2,55,947 |
| Low price | 448 ₹ | High price | 675 ₹ | PEG Ratio | 0.86 | Debt to equity | 0.00 |
| 52w Index | 12.5 % | Qtr Profit Var | 14.4 % | EPS | 11.0 ₹ | Industry PE | 33.0 |
📊 Technical Analysis
- Chart Patterns: Stock is trading below both 50 DMA (₹490) and 200 DMA (₹531), showing weakness. Support at ₹448–₹476, resistance around ₹490–₹531.
- Moving Averages: Current price (₹476) is below both averages, confirming bearish undertone.
- RSI: 47.6 — neutral, suggesting balanced momentum.
- MACD: -7.72 — bearish crossover, momentum negative.
- Bollinger Bands: Price near mid-band, suggesting consolidation.
- Volume Trends: Current volume (3.47L) above 1-week average (2.55L), showing increased participation at current levels.
📈 Momentum & Signals
- Short-term Momentum: Weak with bearish MACD, but neutral RSI indicates possible stabilization.
- Entry Zone: ₹460–₹480 (near support).
- Exit Zone: ₹490–₹531 (first resistance), ₹560 (next resistance).
- Trend Status: Consolidation with bearish undertone; reversal only above ₹490–₹531.
✅ Positive
- Strong ROE at 36.5% and ROCE at 47.6% show excellent efficiency.
- Quarterly PAT improved (₹106 Cr vs ₹95.5 Cr), showing earnings growth.
- PEG ratio at 0.86 suggests reasonable valuation relative to growth.
- Debt-free balance sheet (Debt-to-equity 0.00) indicates strong financial stability.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA, bearish technical setup.
- High P/E ratio (41.8) compared to industry PE (33.0), indicating premium valuation.
- FII holdings decreased by -1.22%, showing reduced foreign investor confidence.
📰 Company Negative News
- Stock corrected from 52-week high of ₹675 to current ₹476.
- MACD remains negative, suggesting weak short-term momentum.
🌟 Company Positive News
- Quarterly profit variation at 14.4% shows operational improvement.
- DII holdings increased by 0.72%, reflecting domestic investor confidence.
- EPS at ₹11.0 reflects profitability despite recent correction.
🏭 Industry
- Industry PE at 33.0, lower than company PE (41.8), indicating TRITURBINE trades at a premium.
- Engineering and energy equipment sector remains strong with demand for turbines and sustainable energy solutions.
🔎 Conclusion
- TRITURBINE is consolidating with bearish undertone but strong fundamentals.
- Short-term traders may consider entry near ₹460–₹480 with exit around ₹490–₹531.
- Breakout above ₹531 could trigger reversal towards ₹560.
- Long-term investors may find value given strong ROE/ROCE, debt-free status, and sector growth potential despite premium valuation.