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TRIVENI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | TRIVENI | Market Cap | 7,395 Cr. | Current Price | 338 ₹ | High / Low | 468 ₹ |
| Stock P/E | 23.4 | Book Value | 141 ₹ | Dividend Yield | 0.74 % | ROCE | 9.01 % |
| ROE | 8.32 % | Face Value | 1.00 ₹ | DMA 50 | 370 ₹ | DMA 200 | 371 ₹ |
| Chg in FII Hold | 1.26 % | Chg in DII Hold | 0.16 % | PAT Qtr | 109 Cr. | PAT Prev Qtr | 31.9 Cr. |
| RSI | 27.4 | MACD | -9.04 | Volume | 7,30,266 | Avg Vol 1Wk | 3,43,848 |
| Low price | 305 ₹ | High price | 468 ₹ | PEG Ratio | -1.69 | Debt to equity | 0.17 |
| 52w Index | 20.3 % | Qtr Profit Var | 92.0 % | EPS | 13.7 ₹ | Industry PE | 11.1 |
📊 Technical Analysis
- Chart Patterns: Stock is trading below both 50 DMA (₹370) and 200 DMA (₹371), showing weakness. Support at ₹305–₹338, resistance around ₹370–₹400.
- Moving Averages: Current price (₹338) is below both averages, confirming bearish bias.
- RSI: 27.4 — oversold zone, suggesting potential short-term bounce.
- MACD: -9.04 — bearish crossover, momentum negative.
- Bollinger Bands: Price near lower band, indicating oversold conditions.
- Volume Trends: Current volume (7.3L) above 1-week average (3.4L), showing increased activity at support levels.
📈 Momentum & Signals
- Short-term Momentum: Weak, but oversold RSI hints at possible rebound.
- Entry Zone: ₹320–₹340 (near support).
- Exit Zone: ₹370–₹400 (first resistance), ₹420 (next resistance).
- Trend Status: Downtrend with oversold conditions; reversal only above ₹370.
✅ Positive
- Book value at ₹141 provides valuation cushion.
- ROE at 8.32% and ROCE at 9.01% show moderate efficiency.
- Quarterly PAT surged (₹109 Cr vs ₹31.9 Cr), showing strong earnings recovery.
- FII holdings increased by 1.26%, reflecting foreign investor confidence.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA, bearish technical setup.
- PEG ratio at -1.69 indicates growth concerns.
- Dividend yield at 0.74% is modest compared to peers.
📰 Company Negative News
- Stock corrected from 52-week high of ₹468 to current ₹338.
- Weak return ratios compared to industry peers.
🌟 Company Positive News
- Quarterly profit variation at 92% shows strong operational improvement.
- DII holdings increased slightly (+0.16%), reflecting cautious domestic support.
- EPS at ₹13.7 reflects profitability despite recent correction.
🏭 Industry
- Industry PE at 11.1, much lower than company PE (23.4), indicating TRIVENI trades at a premium.
- Engineering and industrial sector remains cyclical but supported by infrastructure demand.
🔎 Conclusion
- TRIVENI is in a downtrend but oversold RSI suggests short-term bounce potential.
- Short-term traders may consider entry near ₹320–₹340 with exit around ₹370–₹400.
- Breakout above ₹370 could trigger reversal towards ₹420.
- Long-term investors should be cautious due to weak efficiency ratios and premium valuation despite improving profitability.