ABCAPITAL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.2

Technical Analysis Report

• Trend Status: Trending upward
• Moving Averages: Price (₹334) is above both 50 DMA (₹295) and 200 DMA (₹252), indicating strong bullish momentum
• RSI (69.5): Nearing overbought zone, caution advised
• MACD (7.55): Positive crossover, confirming bullish trend
• Bollinger Bands: Price at upper band, suggesting potential short-term resistance
• Volume: Below average (1.46 Cr vs 2.10 Cr), showing reduced participation
• Support Zones: ₹320, ₹295
• Resistance Zones: ₹335, ₹345
• Entry Zone: ₹320–₹325 (near support)
• Exit Zone: ₹335–₹345 (near resistance)

Positive

• Price above both key moving averages confirms bullish trend
• MACD and RSI support continued upward momentum
• DII holding increased by 0.76%, showing strong domestic institutional confidence
• PEG ratio of 0.29 suggests undervaluation relative to growth

Limitation

• RSI nearing overbought zone may lead to short-term pullback
• Volume significantly below average, indicating weak conviction
• High debt-to-equity ratio (4.56) raises financial leverage concerns

Company Negative News

• Quarterly PAT declined from ₹676 Cr to ₹916 Cr (-11.2%) sequentially
• FII holding dropped by 0.37%, reflecting cautious foreign sentiment

Company Positive News

• EPS of ₹11.0 supports earnings visibility
• Stock has gained 99.5% from its 52-week low

Industry

• Financial services sector remains resilient with steady demand and regulatory support
• Industry P/E of 31.4 suggests ABCAPITAL trades near sector average

Conclusion

• ABCAPITAL is in a bullish trend with strong technical indicators
• Entry near ₹320–₹325 offers a favorable setup
• Exit near ₹335–₹345 is ideal for short-term gains
• Investors should monitor RSI and volume for signs of trend exhaustion or breakout confirmation