ABFRL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | ABFRL | Market Cap | 7,816 Cr. | Current Price | 64.2 ₹ | High / Low | 95.0 ₹ |
| Book Value | 65.3 ₹ | Dividend Yield | 0.00 % | ROCE | -0.81 % | ROE | -3.95 % |
| Face Value | 10.0 ₹ | DMA 50 | 64.2 ₹ | DMA 200 | 71.8 ₹ | Chg in FII Hold | -2.83 % |
| Chg in DII Hold | -1.28 % | PAT Qtr | -132 Cr. | PAT Prev Qtr | -38.9 Cr. | RSI | 49.7 |
| MACD | 0.57 | Volume | 51,40,576 | Avg Vol 1Wk | 84,91,680 | Low price | 53.5 ₹ |
| High price | 95.0 ₹ | Debt to equity | 0.49 | 52w Index | 25.7 % | Qtr Profit Var | -317 % |
| EPS | -2.88 ₹ | Industry PE | 46.3 |
📈 Chart Patterns: ABFRL is consolidating near its 50 DMA (64.2 ₹) but below 200 DMA (71.8 ₹), showing weak momentum and resistance overhead.
📊 Moving Averages: Current price (64.2 ₹) is aligned with 50 DMA but below 200 DMA, reflecting medium-term bearish bias.
📉 RSI: At 49.7, RSI indicates neutral momentum, neither overbought nor oversold.
📈 MACD: Mildly positive at 0.57, suggesting weak bullish crossover but limited strength.
📊 Bollinger Bands: Price is mid-band, signaling consolidation with limited volatility expansion.
📉 Volume Trends: Current volume (51,40,576) is below average weekly volume (84,91,680), showing weaker participation in recent moves.
🎯 Entry Zone: 60 ₹ – 63 ₹ (near support)
🚪 Exit Zone: 70 ₹ – 72 ₹ (resistance near 200 DMA)
📌 Trend Status: Consolidating with bearish bias
Positive
- Book value at 65.3 ₹ provides valuation support
- Debt-to-equity ratio at 0.49 indicates manageable leverage
- 52-week low at 53.5 ₹ offers defined support zone
Limitation
- Price trading below 200 DMA
- Negative ROCE (-0.81%) and ROE (-3.95%) highlight weak efficiency
- EPS negative (-2.88 ₹)
- Volume participation below average
Company Negative News
- Quarterly PAT declined sharply (-132 Cr vs -38.9 Cr)
- FII holdings decreased (-2.83%)
- DII holdings decreased (-1.28%)
Company Positive News
- Book value remains close to current price
- Debt levels remain moderate
Industry
- Industry PE at 46.3 highlights sector premium
- Apparel and retail sector facing margin pressures but long-term demand remains steady
Conclusion
⚖️ ABFRL is consolidating with weak momentum signals, trading below 200 DMA and showing negative profitability. Entry near 60–63 ₹ offers limited risk, while resistance at 70–72 ₹ may cap short-term upside. Long-term investors should be cautious given losses and declining institutional interest, while short-term traders may find tactical opportunities near support zones with strict risk management.
I can extend this into a swing trade strategy with holding period guidance, or prepare a peer benchmarking overlay comparing ABFRL’s valuation and momentum against other apparel and retail peers like Trent, Shoppers Stop, and V-Mart.