TRIVENI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | TRIVENI | Market Cap | 7,876 Cr. | Current Price | 359 ₹ | High / Low | 468 ₹ |
| Stock P/E | 24.9 | Book Value | 141 ₹ | Dividend Yield | 0.70 % | ROCE | 9.01 % |
| ROE | 8.32 % | Face Value | 1.00 ₹ | DMA 50 | 358 ₹ | DMA 200 | 368 ₹ |
| Chg in FII Hold | 1.26 % | Chg in DII Hold | 0.16 % | PAT Qtr | 109 Cr. | PAT Prev Qtr | 31.9 Cr. |
| RSI | 51.3 | MACD | -3.15 | Volume | 3,10,539 | Avg Vol 1Wk | 7,67,755 |
| Low price | 305 ₹ | High price | 468 ₹ | PEG Ratio | -1.80 | Debt to equity | 0.17 |
| 52w Index | 32.8 % | Qtr Profit Var | 92.0 % | EPS | 13.7 ₹ | Industry PE | 10.6 |
📊 Chart Patterns: TRIVENI is trading at 359 ₹, very close to its 50 DMA (358 ₹) and slightly below the 200 DMA (368 ₹). The price has corrected from its 52-week high (468 ₹) but remains above its low (305 ₹), indicating consolidation near support levels.
📈 Moving Averages: Current price is hovering around both short-term and long-term averages, suggesting indecision. A breakout above 370 ₹ could confirm bullish continuation, while a breakdown below 350 ₹ may trigger weakness.
📉 RSI: At 51.3, RSI is neutral, showing balanced momentum without strong overbought or oversold signals.
📉 MACD: Negative at -3.15, showing mild bearish divergence and lack of strong buying signals.
📊 Bollinger Bands: Price is near the mid-band, reflecting consolidation. No clear breakout or breakdown signals yet.
📊 Volume Trends: Current volume (3.1 lakh) is lower than average weekly volume (7.6 lakh), suggesting reduced participation and cautious sentiment.
📌 Momentum Signals: Short-term momentum is neutral-to-weak. Support lies around 350–355 ₹, while resistance is near 370–375 ₹.
🎯 Entry Zone: 350–355 ₹ (near support, only for short-term traders with strict stop-loss).
🎯 Exit Zone: 370–375 ₹ (near resistance and 200 DMA).
🔎 Trend Status: The stock is consolidating near key averages, awaiting breakout direction.
Positive
- EPS of 13.7 ₹ indicates profitability.
- ROCE (9.01%) and ROE (8.32%) reflect moderate capital efficiency.
- Quarterly PAT surged from 31.9 Cr. to 109 Cr. (92% growth).
- FII holdings increased by 1.26% and DII holdings by 0.16%, showing institutional confidence.
Limitation
- Stock trading around both 50 DMA and 200 DMA shows indecision and weak momentum.
- PEG ratio of -1.80 signals poor growth relative to valuation.
- 52-week performance index at 32.8% reflects underperformance compared to peers.
- Volume participation is lower than average, indicating cautious sentiment.
Company Negative News
- MACD remains negative, showing weak momentum.
- Stock price corrected from 468 ₹ high to current levels.
Company Positive News
- Quarterly PAT growth signals strong operational improvement.
- Institutional holdings (FII and DII) increased, reflecting investor confidence.
Industry
- Industry PE at 10.6 suggests sector trades at lower valuations compared to TRIVENI’s P/E of 24.9.
- Engineering and manufacturing sector remains cyclical but supported by infrastructure demand.
Conclusion
⚖️ TRIVENI is consolidating near its moving averages, showing indecision in momentum. Short-term traders may consider entry near 350–355 ₹ with strict stop-loss, targeting 370–375 ₹ resistance. Long-term investors should wait for a breakout above 368 ₹ (200 DMA) with sustained volume before fresh positions.