ATHERENERG - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.5
| Stock Code | ATHERENERG | Market Cap | 26,597 Cr. | Current Price | 696 ₹ | High / Low | 790 ₹ |
| Book Value | 71.3 ₹ | Dividend Yield | 0.00 % | ROCE | -65.7 % | ROE | -156 % |
| Face Value | 1.00 ₹ | DMA 50 | 653 ₹ | DMA 200 | 543 ₹ | Chg in FII Hold | -6.16 % |
| Chg in DII Hold | 4.50 % | PAT Qtr | -79.6 Cr. | PAT Prev Qtr | -154 Cr. | RSI | 60.1 |
| MACD | -7.15 | Volume | 26,54,979 | Avg Vol 1Wk | 26,55,715 | Low price | 287 ₹ |
| High price | 790 ₹ | Debt to equity | 0.16 | 52w Index | 81.3 % | Qtr Profit Var | 59.8 % |
| EPS | -19.1 ₹ | Industry PE | 30.0 |
📊 Analysis: ATHERENERG shows mixed signals for intraday trading. Current price (₹696) is well above both 50 DMA (₹653) and 200 DMA (₹543), indicating strong recent momentum. RSI at 60.1 suggests bullish bias but nearing overbought territory. MACD (-7.15) reflects mild bearish divergence. Volume (26,54,979) is nearly equal to average weekly volume (26,55,715), showing steady participation but not a breakout surge.
💹 Optimal Buy Price: ₹685 – ₹700 (near support zone).
🎯 Profit-Taking Levels: ₹720 – ₹740 (short-term resistance).
🛡️ Stop-Loss: ₹675 (below intraday support).
⏱️ Exit Strategy if Already Holding: Exit if price fails to hold above ₹690 with weakening momentum or if RSI drops below 55 intraday. If volume strengthens with upward price action, partial profit booking near ₹730 is advisable.
Positive
- Strong price recovery from 52-week low (₹287) to current levels.
- Quarterly loss reduced significantly (₹-79.6 Cr vs ₹-154 Cr), showing improvement.
- DII holdings increased (+4.50%), reflecting domestic institutional confidence.
- Stock trading above both 50 DMA and 200 DMA, indicating bullish trend.
Limitation
- Negative ROCE (-65.7%) and ROE (-156%) highlight poor capital efficiency.
- No dividend yield, limiting investor returns.
- EPS negative (-19.1 ₹), showing lack of profitability.
- MACD negative, signaling weak momentum despite price rise.
Company Negative News
- FII holdings declined sharply (-6.16%), suggesting reduced foreign investor confidence.
- Persistent losses despite revenue growth.
Company Positive News
- Quarterly losses narrowed, showing operational improvement.
- Strong domestic institutional support (+4.50% DII holding).
Industry
- Industry P/E at 30.0 indicates sector stability, but ATHERENERG remains unprofitable.
- EV sector demand remains strong, supporting volatility and trading opportunities.
Conclusion
⚖️ ATHERENERG is a moderately good candidate for intraday trading today. While fundamentals remain weak, technicals show short-term bullish bias. Best strategy is cautious entry near ₹690 with tight stop-loss and quick profit booking around ₹730.