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ZFCVINDIA - Technical Analysis with Chart Patterns & Indicators

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Rating: 3.7

Last Updated Time : 19 Mar 26, 09:02 pm

Technical Rating: 3.7

Stock Code ZFCVINDIA Market Cap 25,902 Cr. Current Price 13,687 ₹ High / Low 16,665 ₹
Stock P/E 52.2 Book Value 1,794 ₹ Dividend Yield 0.14 % ROCE 20.2 %
ROE 15.1 % Face Value 5.00 ₹ DMA 50 14,555 ₹ DMA 200 13,979 ₹
Chg in FII Hold -0.42 % Chg in DII Hold 0.43 % PAT Qtr 145 Cr. PAT Prev Qtr 106 Cr.
RSI 34.2 MACD -384 Volume 8,918 Avg Vol 1Wk 25,682
Low price 11,552 ₹ High price 16,665 ₹ PEG Ratio 1.01 Debt to equity 0.02
52w Index 41.8 % Qtr Profit Var 15.7 % EPS 259 ₹ Industry PE 25.0

📊 Technical Analysis

  • Chart Patterns: Price is below both 50 DMA (₹14,555) and 200 DMA (₹13,979), showing weakness despite long-term support.
  • RSI: At 34.2, oversold territory, suggesting possible support but bearish momentum.
  • MACD: Strongly negative (-384), confirming bearish bias.
  • Bollinger Bands: Price near lower band, indicating selling pressure.
  • Volume Trends: Current volume (8,918) well below 1-week average (25,682), showing reduced participation.

📈 Momentum & Signals

  • Short-term Momentum: Bearish, oversold conditions may trigger technical bounce.
  • Support Zone: ₹11,552 – ₹13,687 (recent low and current price).
  • Resistance Zone: ₹13,979 – ₹14,555 (DMA levels).
  • Optimal Entry: Around ₹11,552–₹13,687 if support holds.
  • Optimal Exit: Near ₹13,979–₹14,555 unless breakout occurs.
  • Trend Status: Reversing downward with bearish undertone.

✅ Positive

  • Strong ROCE (20.2%) and ROE (15.1%), showing efficiency.
  • EPS at ₹259, robust earnings base.
  • Quarterly PAT improved from ₹106 Cr. to ₹145 Cr.
  • PEG ratio of 1.01, suggesting fair valuation relative to growth.
  • Low debt-to-equity (0.02), financially stable.

⚠️ Limitation

  • High P/E (52.2) compared to industry average (25.0).
  • RSI oversold, risk of further downside before recovery.
  • Weak trading volumes, showing lack of strong momentum.

📉 Company Negative News

  • FII holding decreased (-0.42%), showing reduced foreign investor confidence.

📈 Company Positive News

  • DII holding increased (+0.43%), showing domestic support.
  • Quarterly profit variation (+15.7%) indicates steady improvement.

🏭 Industry

  • Industry P/E at 25.0, much lower than company’s 52.2, suggesting sector is cheaper.
  • Sector growth strong with 41.8% index gain in 52 weeks.

🔎 Conclusion

ZFCVINDIA is showing bearish technical signals, trading below both 50 DMA and 200 DMA with oversold RSI and strongly negative MACD. Despite strong fundamentals like ROCE, ROE, and low debt, valuations remain stretched compared to industry peers. Short-term traders should watch ₹11,552–₹13,687 as support and ₹13,979–₹14,555 as resistance. The stock is currently reversing downward, and sustained movement above ₹14,555 would be needed to signal recovery.

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