The price has now retraced back into a key value zone between 1,610 - 1,635, which has previously acted as a strong base. This zone also coincides with high volume activity on the visible range volume profile - suggesting accumulation interest.
Technically, the stock is near the 0% Fibonacci extension with multiple confluences of past support and volume, forming a potential base.
If this holds, look for retracement targets:
• First bounce zone: ₹1,687 (50% Fib)
• Further recovery: ₹1,745–₹1,775 (Fib 61.8–78.6%)
Long-term: ₹1,861 (161.8% Fib extension), ₹2,016 (261.8%)
Fundamentals Snapshot:
• Market Cap: ~₹58,000 Cr
• P/E: ~34x | P/B: ~3.8x
• Promoter Holding: 80.82% (No pledging)
• Debt-to-Equity: ~0.25
• ROCE: ~13.2% | ROE: ~10.4%
• FII Holding: 3.6%, DII Holding: 6.3%
Patanjali’s brand strength in edible oils, packaged foods, and growing FMCG integration offers secular demand visibility. The recent correction seems sentiment-driven, not structural.
Keep in Focus:
A decisive close above 1,660 could indicate a short-term reversal.
This chart is for educational use only and not a buy/sell recommendation.
Technically, the stock is near the 0% Fibonacci extension with multiple confluences of past support and volume, forming a potential base.
If this holds, look for retracement targets:
• First bounce zone: ₹1,687 (50% Fib)
• Further recovery: ₹1,745–₹1,775 (Fib 61.8–78.6%)
Long-term: ₹1,861 (161.8% Fib extension), ₹2,016 (261.8%)
Fundamentals Snapshot:
• Market Cap: ~₹58,000 Cr
• P/E: ~34x | P/B: ~3.8x
• Promoter Holding: 80.82% (No pledging)
• Debt-to-Equity: ~0.25
• ROCE: ~13.2% | ROE: ~10.4%
• FII Holding: 3.6%, DII Holding: 6.3%
Patanjali’s brand strength in edible oils, packaged foods, and growing FMCG integration offers secular demand visibility. The recent correction seems sentiment-driven, not structural.
Keep in Focus:
A decisive close above 1,660 could indicate a short-term reversal.
This chart is for educational use only and not a buy/sell recommendation.
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Disclaimer
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LOW RISK? PLAY HUGE!
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Follow for latest updates and valuable financial content
✆ t.me/iVishalPal
Yt: t.ly/frb4G
LinkedIn: t.ly/g_SjB
WhatsApp: t.ly/_6T9j
TradingView: t.ly/-UGgZ
Telegram: t.me/traderpulseyt
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.