TRIVENI - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | TRIVENI | Market Cap | 8,235 Cr. | Current Price | 377 ₹ | High / Low | 468 ₹ |
| Stock P/E | 26.0 | Book Value | 141 ₹ | Dividend Yield | 0.66 % | ROCE | 9.01 % |
| ROE | 8.32 % | Face Value | 1.00 ₹ | DMA 50 | 387 ₹ | DMA 200 | 378 ₹ |
| Chg in FII Hold | 0.48 % | Chg in DII Hold | -0.30 % | PAT Qtr | 109 Cr. | PAT Prev Qtr | 31.9 Cr. |
| RSI | 43.3 | MACD | -5.21 | Volume | 2,42,648 | Avg Vol 1Wk | 4,53,011 |
| Low price | 318 ₹ | High price | 468 ₹ | PEG Ratio | -1.89 | Debt to equity | 0.17 |
| 52w Index | 39.2 % | Qtr Profit Var | 92.0 % | EPS | 13.7 ₹ | Industry PE | 13.6 |
📊 Chart Analysis: TRIVENI trades at ₹377, below its 50 DMA (₹387) and near its 200 DMA (₹378), signaling short-term weakness with medium-term support. RSI at 43.3 indicates mildly oversold conditions. MACD at -5.21 is bearish, confirming downward momentum. Bollinger Bands place the price near the lower band, suggesting pressure with potential for short-term bounce. Current volume (2.4L) is significantly below the 1-week average (4.5L), reflecting reduced participation.
📈 Momentum Signals: Short-term momentum is bearish with oversold bias. A move above ₹385 could trigger recovery, while a drop below ₹370 risks further downside.
💡 Entry Zone: ₹365–₹375 (support near 200 DMA).
🚪 Exit Zone: ₹390–₹405 (resistance near 50 DMA and trendline).
🔎 Trend Status: The stock is reversing downward after failing to sustain above ₹468, with oversold RSI hinting at possible short-term consolidation.
Positive
- 📌 EPS of ₹13.7 with profitability.
- 📌 ROCE of 9.01% and ROE of 8.32% show moderate efficiency.
- 📌 PAT improved significantly from ₹31.9 Cr. to ₹109 Cr. (+92% variation).
- 📌 FII holding increased (+0.48%), showing foreign investor confidence.
Limitation
- ⚠️ Price below 50 DMA indicates short-term weakness.
- ⚠️ PEG ratio of -1.89 highlights unsustainable growth outlook.
- ⚠️ Weak trading volumes compared to average, limiting momentum strength.
Company Negative News
- ❌ DII holding decreased (-0.30%), reflecting reduced domestic institutional support.
- ❌ Stock still far below 52-week high of ₹468, showing long-term weakness.
Company Positive News
- ✅ Strong quarterly profit growth (+92% variation).
- ✅ Low debt-to-equity ratio (0.17) indicates financial stability.
Industry
- 🌐 Sugar and engineering sector remains cyclical with demand fluctuations.
- 🌐 Industry PE at 13.6 is lower than TRIVENI’s PE (26.0), suggesting premium valuation.
Conclusion
📌 TRIVENI is reversing downward with bearish signals but oversold RSI suggests potential short-term consolidation. Traders may consider entries near ₹365–₹375 and exits around ₹390–₹405. While fundamentals show profit recovery and foreign investor support, weak volumes and premium valuation warrant cautious optimism.
For deeper clarity, we could refine support and resistance mapping, expand on volume analysis to confirm momentum, or dive into RSI and MACD signals for short-term trading cues.