TRIVENI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.1

📉 TRIVENI is currently in a reversal phase with weak momentum and signs of bearish pressure. Entry zone: ₹345–₹358; exit zone: ₹370–₹385. Watch for confirmation above 200-DMA to validate recovery.

📊 Technical Overview

• Price Action: Trading at ₹358, slightly above 50-DMA (₹354) but below 200-DMA (₹374), indicating short-term support but medium-term weakness.
• RSI (54.9): Neutral zone, suggesting mild momentum but no clear trend.
• MACD (1.92): Weak bullish crossover, indicating early signs of reversal.
• Bollinger Bands: Price near mid-band, confirming consolidation with downside risk.
• Volume: Significantly below 1-week average, showing low participation and weak conviction.
• Support Zones: ₹345 (S1), ₹330 (S2)
• Resistance Zones: ₹370 (R1), ₹385 (R2)

✅ Positive

• EPS of ₹9.96 supports valuation despite recent earnings volatility.
• ROCE (9.01%) and ROE (8.32%) reflect moderate capital efficiency.
• Dividend yield of 0.70% offers modest income cushion.
• MACD crossover hints at potential short-term recovery.

⚠️ Limitation

• Stock P/E (35.9) is significantly higher than industry average (15.2), suggesting overvaluation.
• PEG ratio of -2.60 indicates poor earnings growth relative to valuation.
• Quarterly PAT dropped from ₹175 Cr. to ₹0.46 Cr., a 98.5% decline.
• Volume trends are weak, limiting breakout potential.

📉 Company Negative News

• Sharp decline in quarterly profit signals operational or margin pressure.
• FII and DII holdings both declined, reflecting reduced institutional confidence.

📈 Company Positive News

• Stock has rebounded ~17% from its recent low of ₹305.
• MACD and RSI show early signs of stabilization.

🏢 Industry

• Engineering and industrial manufacturing sector benefits from infrastructure and capital goods demand.
• Industry P/E of 15.2 reflects conservative valuation across peers.

🧭 Conclusion

• TRIVENI is in a reversal phase with weak momentum and bearish technical indicators.
• Entry zone: ₹345–₹358; exit zone: ₹370–₹385 for short-term bounce trades.
• Long-term investors should wait for earnings recovery and volume confirmation before accumulating.