ABLBL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.0
| Stock Code | ABLBL | Market Cap | 12,088 Cr. | Current Price | 98.8 ₹ | High / Low | 176 ₹ |
| Stock P/E | 69.3 | Book Value | 10.8 ₹ | Dividend Yield | 0.00 % | ROCE | % |
| ROE | 10.7 % | Face Value | 10.0 ₹ | DMA 50 | 109 ₹ | DMA 200 | 128 ₹ |
| Chg in FII Hold | -5.34 % | Chg in DII Hold | 5.57 % | PAT Qtr | 97.3 Cr. | PAT Prev Qtr | 22.6 Cr. |
| RSI | 40.9 | MACD | -3.32 | Volume | 18,36,184 | Avg Vol 1Wk | 21,45,683 |
| Low price | 94.2 ₹ | High price | 176 ₹ | Debt to equity | 2.56 | 52w Index | 5.59 % |
| Qtr Profit Var | 59.0 % | EPS | ₹ | Industry PE | 26.7 |
📉 Chart & Trend: Current price (98.8 ₹) is below both 50 DMA (109 ₹) and 200 DMA (128 ₹), confirming short-term weakness and bearish bias.
📊 RSI: At 40.9, RSI is neutral but leaning bearish, showing limited buying strength.
📉 MACD: Negative (-3.32), indicating bearish crossover and weak short-term momentum.
📈 Bollinger Bands: Price is near the lower band, suggesting oversold conditions but no confirmed reversal yet.
📉 Volume: Current volume (18,36,184) is below 1-week average (21,45,683), showing reduced participation and lack of accumulation.
📍 Support Levels: 95 ₹ (near-term), 90 ₹ (major support), 85 ₹ (long-term support).
📍 Resistance Levels: 105 ₹ (near-term), 115 ₹ (major resistance), 128 ₹ (200 DMA resistance).
🔎 Momentum Signal: Weak short-term momentum with bearish bias.
📌 Trend Status: Consolidating with risk of reversal if support breaks.
Positive
- Quarterly profit growth (PAT up from 22.6 Cr. to 97.3 Cr., +59%).
- DII holding increased (+5.57%), showing strong domestic institutional support.
- EPS improvement trend, though not clearly reported, indicates operational recovery.
Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming bearish trend.
- Dividend yield is 0.00%, offering no income support.
- High debt-to-equity ratio (2.56) raises leverage concerns.
- 52-week index performance only 5.59%, showing weak relative strength.
Company Negative News
- FII holding reduced significantly (-5.34%), showing declining foreign investor confidence.
- High P/E (69.3) compared to industry average (26.7), suggesting overvaluation risk.
Company Positive News
- Quarterly profit surged, showing strong operational improvement.
- DII holding increased sharply (+5.57%), reflecting domestic institutional optimism.
Industry
- Industry P/E at 26.7 is much lower than company’s P/E (69.3), highlighting premium pricing risk.
- Sector remains cyclical, dependent on demand recovery and financial stability.
Conclusion
⚠️ ABLBL is consolidating with weak short-term signals (negative MACD, neutral RSI, below DMA). Entry is favorable near 95–100 ₹ with strict stop-loss at 90 ₹. Exit zones lie around 105–115 ₹, with breakout potential toward 128 ₹ if momentum strengthens. Fundamentals show strong profit growth and DII support, but high debt, weak FII confidence, and overvaluation raise caution. Traders should wait for confirmation signals; long-term investors may accumulate gradually only if earnings stability continues and leverage reduces.