⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
ABFRL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | ABFRL | Market Cap | 7,815 Cr. | Current Price | 64.0 ₹ | High / Low | 106 ₹ |
| Book Value | 66.8 ₹ | Dividend Yield | 0.00 % | ROCE | -0.17 % | ROE | -3.01 % |
| Face Value | 10.0 ₹ | DMA 50 | 73.2 ₹ | DMA 200 | 81.0 ₹ | Chg in FII Hold | -0.26 % |
| Chg in DII Hold | -0.17 % | PAT Qtr | -90.9 Cr. | PAT Prev Qtr | -59.9 Cr. | RSI | 35.8 |
| MACD | -3.29 | Volume | 23,48,080 | Avg Vol 1Wk | 89,17,394 | Low price | 59.8 ₹ |
| High price | 106 ₹ | Debt to equity | 0.45 | 52w Index | 9.14 % | Qtr Profit Var | 34.5 % |
| EPS | 0.00 ₹ | Industry PE | 43.7 |
📊 Technical Analysis
- Chart Patterns: Current price (64 ₹) is below both 50 DMA (73.2 ₹) and 200 DMA (81.0 ₹), confirming bearish momentum and weak technical structure.
- RSI (35.8): Near oversold zone, suggesting potential for a short-term bounce but overall weakness.
- MACD (-3.29): Negative crossover indicates continuation of bearish trend.
- Bollinger Bands: Price near lower band, showing oversold conditions but risk of breakdown if selling persists.
- Volume Trends: Current volume (23.5L) is well below 1-week average (89.1L), reflecting weak participation and lack of strong buying interest.
📈 Momentum & Signals
- Trend: Bearish reversal.
- Support Zones: 62 ₹ (near-term support), 59.8 ₹ (recent low), 55 ₹ (major support).
- Resistance Zones: 73 ₹ (50 DMA), 81 ₹ (200 DMA), 90 ₹ (psychological resistance).
- Entry Zone: 60–64 ₹ only for short-term traders looking for oversold bounce.
- Exit Zone: 70–75 ₹ unless strong reversal above 81 ₹ occurs.
✅ Positive
- Book value of 66.8 ₹ provides some valuation support.
- Debt-to-equity ratio of 0.45 indicates moderate leverage.
⚠️ Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming bearish technical setup.
- Negative ROCE (–0.17%) and ROE (–3.01%) highlight poor efficiency.
- Dividend yield is 0.00%, limiting income appeal.
📉 Company Negative News
- Quarterly PAT in loss (–90.9 Cr. vs –59.9 Cr.), showing worsening financials.
- FII holding decreased (–0.26%) and DII holding decreased (–0.17%), reflecting reduced investor confidence.
- Weak 52-week performance (Index 9.14%), showing poor relative strength.
📈 Company Positive News
- Stable book value provides some cushion against downside.
- Debt levels remain manageable compared to peers.
🏭 Industry
- Industry P/E at 43.7 is high, highlighting ABFRL’s weak earnings relative to sector valuation.
- Retail and apparel sector benefits from long-term consumption growth but faces cyclical demand pressures.
🔎 Conclusion
- Stock is in a bearish reversal phase.
- RSI oversold and MACD negative suggest caution; only short-term bounce possible.
- Best strategy: Accumulate cautiously near 60–64 ₹ with strict stop-loss below 59.8 ₹.
- Upside limited to 70–75 ₹ unless strong reversal above 81 ₹ occurs.