ZEEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | ZEEL | Market Cap | 7,879 Cr. | Current Price | 82.2 ₹ | High / Low | 152 ₹ |
| Stock P/E | 61.2 | Book Value | 110 ₹ | Dividend Yield | 2.96 % | ROCE | 1.28 % |
| ROE | 1.21 % | Face Value | 1.00 ₹ | DMA 50 | 85.8 ₹ | DMA 200 | 95.7 ₹ |
| Chg in FII Hold | 1.12 % | Chg in DII Hold | -1.19 % | PAT Qtr | -181 Cr. | PAT Prev Qtr | 118 Cr. |
| RSI | 42.9 | MACD | -0.14 | Volume | 78,55,630 | Avg Vol 1Wk | 1,62,21,544 |
| Low price | 68.0 ₹ | High price | 152 ₹ | PEG Ratio | -2.05 | Debt to equity | 0.02 |
| 52w Index | 16.9 % | Qtr Profit Var | -216 % | EPS | 1.25 ₹ | Industry PE | 25.4 |
📊 Chart Patterns & Trend: ZEEL is trading below both its 50 DMA (85.8 ₹) and 200 DMA (95.7 ₹), showing weakness. Price action suggests consolidation with bearish bias between 80–86 ₹ resistance and 68 ₹ support. Trend is leaning towards reversal from highs.
📈 Moving Averages: Current price (82.2 ₹) is under both DMA levels, signaling short-term pressure. Sustained trading below 86 ₹ keeps bearish outlook intact.
⚖️ RSI: At 42.9, RSI is neutral-to-weak, indicating limited momentum and potential for rebound if buying emerges.
📉 MACD: Slightly negative at -0.14, confirming bearish undertone and weak momentum.
📊 Bollinger Bands: Price is near the lower band, suggesting oversold conditions and possible bounce from 80 ₹ support zone.
📦 Volume Trends: Current volume (78,55,630) is significantly lower than 1-week average (1,62,21,544), showing reduced participation and weak conviction in price moves.
🎯 Entry Zone: 78–82 ₹ (near support).
🚪 Exit Zone: 90–95 ₹ (near resistance and 200 DMA).
📌 Momentum Signal: Short-term consolidation with bearish bias. A rebound is possible if RSI-driven buying emerges, but trend remains weak unless price breaks above 95 ₹.
Positive
- ✅ Dividend yield at 2.96% provides decent income appeal.
- ✅ EPS at 1.25 ₹ supports valuation recovery potential.
- ✅ FII holdings increased by 1.12%, reflecting foreign investor confidence.
Limitation
- ⚠️ High P/E (61.2) compared to industry PE (25.4) suggests steep overvaluation.
- ⚠️ ROCE (1.28%) and ROE (1.21%) are very weak, showing poor efficiency.
- ⚠️ PEG ratio (-2.05) highlights negative growth alignment.
Company Negative News
- 📉 PAT turned negative at -181 Cr. compared to 118 Cr. in the previous quarter.
- 📉 Quarterly profit variation (-216%) shows severe earnings pressure.
- 📉 DII holdings decreased by 1.19%, showing reduced domestic institutional support.
Company Positive News
- 📈 FII holdings increased by 1.12%, reflecting foreign investor confidence.
- 📈 Stock has delivered modest 52-week performance (16.9%).
Industry
- 🏭 Industry PE at 25.4 indicates sector is moderately valued compared to ZEEL’s premium valuation.
- 🏭 Media and entertainment sector outlook remains competitive, with profitability under pressure due to rising costs and digital disruption.
Conclusion
🔎 ZEEL is in a consolidation phase with bearish bias. Entry near 78–82 ₹ offers limited downside risk, while resistance at 90–95 ₹ should be watched for exits. RSI near neutral levels hints at possible rebound, but sustained weakness below DMA levels keeps trend fragile. Investors should wait for confirmation above 95 ₹ before expecting a trend reversal.