ABFRL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.5
| Stock Code | ABFRL | Market Cap | 7,836 Cr. | Current Price | 64.2 ₹ | High / Low | 106 ₹ |
| Book Value | 66.8 ₹ | Dividend Yield | 0.00 % | ROCE | -0.17 % | ROE | -3.01 % |
| Face Value | 10.0 ₹ | DMA 50 | 63.6 ₹ | DMA 200 | 73.2 ₹ | Chg in FII Hold | -2.83 % |
| Chg in DII Hold | -1.28 % | PAT Qtr | -38.9 Cr. | PAT Prev Qtr | -90.9 Cr. | RSI | 55.0 |
| MACD | 0.77 | Volume | 43,56,585 | Avg Vol 1Wk | 50,47,907 | Low price | 53.5 ₹ |
| High price | 106 ₹ | Debt to equity | 0.45 | 52w Index | 20.3 % | Qtr Profit Var | -17.4 % |
| EPS | -0.77 ₹ | Industry PE | 29.8 |
📈 Chart Patterns & Trend: ABFRL is trading slightly above its 50 DMA (₹63.6) but below 200 DMA (₹73.2), showing weak long-term support. RSI at 55.0 indicates neutral momentum, while MACD at 0.77 suggests mild positive divergence. Bollinger Bands remain moderately tight, reflecting low volatility. Price action is closer to lows (₹53.5) than highs (₹106), signaling consolidation with weak bullish bias.
🔑 Momentum Signals: RSI near 55 signals neutral strength. MACD positive supports mild bullish bias. Volume (43.5L) is below average (50.4L), showing reduced participation. Trendlines highlight support near ₹60–₹62 and resistance near ₹68–₹72.
🎯 Entry Zone: ₹60 – ₹62 (support levels)
💰 Exit Zone: ₹68 – ₹72 (resistance levels)
📊 Status: Consolidating with weak bullish bias; reversal unlikely unless price sustains above 200 DMA with stronger volumes.
Positive
- Price trading near book value (₹66.8), offering margin of safety
- Quarterly PAT improved (₹-38.9 Cr vs ₹-90.9 Cr), showing reduced losses
- Stock trading above 50 DMA support
Limitation
- Negative ROCE (-0.17%) and ROE (-3.01%) highlight poor efficiency
- EPS at ₹-0.77 reflects continued losses
- Price below 200 DMA (₹73.2), showing weak long-term trend
- No dividend yield, limiting investor appeal
Company Negative News
- Decline in FII holdings (-2.83%) and DII holdings (-1.28%) shows reduced institutional confidence
- Quarterly profit variation (-17.4%) highlights earnings pressure
Company Positive News
- Loss reduction compared to previous quarter
- Short-term technical support near DMA 50
Industry
- Industry PE at 29.8 highlights sector premium compared to ABFRL’s weak fundamentals
- Retail and apparel sector benefiting from consumer demand recovery
Conclusion
⚠️ ABFRL is consolidating with weak bullish bias. Entry is favorable near ₹60–₹62, while profit-taking should be considered around ₹68–₹72. Traders may exploit short-term momentum, but investors should remain cautious due to negative efficiency metrics, weak fundamentals, and declining institutional interest.
Would you like me to extend this into a peer benchmarking overlay (ABFRL vs Trent and Shoppers Stop) so you can see relative positioning within the retail and apparel sector?