CREDITACC | TECHNO-FUNDA ANALYSIS

CreditAccess Grameen Ltd – 1W

Trend: CreditAccess Grameen is maintaining a steady bullish structure on the weekly chart after a strong base formation. The stock is sustaining above its key breakout zone around ₹1,490, showing signs of continuation within the broader uptrend channel. Key Levels: Breakout Level: ₹1,493 Immediate Support: ₹1,288 Major Support: ₹1,210 Supply Zone: ₹1,566 R1 : ₹1,800 Fundamentals (Key Points): 💼 Leading microfinance institution with strong presence in rural India. 📈 Consistent AUM growth and improving disbursement metrics. 💰 Asset quality stable with strong collection efficiency post-pandemic. 📊 Robust profitability supported by expanding borrower base. ⚠️ Short-term valuations slightly elevated; long-term outlook remains positive. Final Verdict: Bullish — Sustaining above ₹1,493 confirms breakout continuation; potential upside toward ₹1,560–₹1,800 while maintaining strong support near ₹1,288.