TRIVENI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.7

📈 Technical Analysis

• Chart Patterns: TRIVENI is trading near mid-range of its 52-week performance (374 ₹ vs 536 ₹ high), showing recovery from lows but facing resistance.
• Moving Averages: Current price (374 ₹) is slightly above both 50 DMA (358 ₹) and 200 DMA (370 ₹), indicating mild bullish bias.
• RSI: At 57.5, RSI suggests healthy momentum, neither overbought nor oversold.
• MACD: Positive at 2.67, signaling short-term bullish continuation.
• Bollinger Bands: Price near mid-band, suggesting consolidation with potential upward breakout.
• Volume Trends: Current volume (3.1L) is lower than average weekly volume (8.1L), showing reduced participation and weaker conviction.

🎯 Momentum & Trade Zones

• Support Levels: 358 ₹ (50 DMA), 370 ₹ (200 DMA), and strong support at 340 ₹.
• Resistance Levels: 400–420 ₹ zone, with major resistance at 450 ₹.
• Entry Zone: Accumulate near 360–370 ₹ on dips.
• Exit Zone: Profit booking suggested near 400–420 ₹.
• Trend: Stock is currently consolidating with mild bullish signals.

✅ Positive

• Quarterly PAT surged from 0.46 Cr. to 31.9 Cr. (+325% variation).
• EPS at 12.1 ₹ reflects earnings recovery.
• Price trading above both 50 & 200 DMA, confirming technical strength.
• Low debt-to-equity ratio (0.17), ensuring financial stability.

⚠️ Limitation

• ROCE (9.01%) and ROE (8.32%) are relatively weak compared to peers.
• High P/E ratio (31.0) compared to industry average (12.4), suggesting overvaluation.
• PEG ratio at -2.25 indicates poor earnings growth relative to valuation.
• Volume lower than average, showing reduced investor interest.

📉 Company Negative News

• FII holding reduced by -0.51% and DII holding reduced by -0.52%, showing weaker institutional confidence.
• 52-week index at only 29.8%, reflecting underperformance.

📊 Company Positive News

• Quarterly profits improved significantly (+325%).
• Stock trading above key moving averages, reflecting technical strength.
• Debt levels remain low, supporting financial resilience.

🏭 Industry

• Industry P/E at 12.4, much lower than TRIVENI’s 31.0, suggesting premium valuation.
• Sector outlook remains steady, but company-specific valuations are stretched.

📝 Conclusion

• TRIVENI is in a consolidation phase with mild bullish signals.
• Short-term momentum is positive, but valuations remain stretched and volume participation is weak.
• Best strategy: accumulate near 360–370 ₹ and book profits near 400–420 ₹.
• Medium-term outlook cautiously positive; breakout above 420–450 ₹ needed for further upside.