ABREL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.1
| Stock Code | ABREL | Market Cap | 13,676 Cr. | Current Price | 1,225 ₹ | High / Low | 2,538 ₹ |
| Stock P/E | 91.8 | Book Value | 401 ₹ | Dividend Yield | 0.16 % | ROCE | 4.25 % |
| ROE | 3.84 % | Face Value | 10.0 ₹ | DMA 50 | 1,340 ₹ | DMA 200 | 1,666 ₹ |
| Chg in FII Hold | -0.15 % | Chg in DII Hold | 0.47 % | PAT Qtr | 31.4 Cr. | PAT Prev Qtr | 24.0 Cr. |
| RSI | 45.4 | MACD | -58.8 | Volume | 10,43,868 | Avg Vol 1Wk | 5,03,452 |
| Low price | 1,080 ₹ | High price | 2,538 ₹ | PEG Ratio | -13.8 | Debt to equity | 0.89 |
| 52w Index | 9.93 % | Qtr Profit Var | 25.1 % | EPS | 8.04 ₹ | Industry PE | 20.0 |
📉 Chart & Trend: Current price (1,225 ₹) is below both 50 DMA (1,340 ₹) and 200 DMA (1,666 ₹), confirming short-term weakness and bearish bias.
📊 RSI: At 45.4, RSI is neutral but leaning bearish, showing limited buying strength.
📉 MACD: Negative (-58.8), indicating bearish crossover and weak short-term momentum.
📈 Bollinger Bands: Price is near the mid-band, suggesting consolidation without strong breakout signals.
📉 Volume: Current volume (10,43,868) is higher than 1-week average (5,03,452), showing increased participation, likely driven by selling pressure.
📍 Support Levels: 1,200 ₹ (near-term), 1,150 ₹ (major support), 1,080 ₹ (52-week low).
📍 Resistance Levels: 1,300 ₹ (near-term), 1,400 ₹ (major resistance), 1,666 ₹ (200 DMA resistance).
🔎 Momentum Signal: Weak short-term momentum with bearish bias.
📌 Trend Status: Consolidating with risk of reversal if support breaks.
Positive
- EPS of 8.04 ₹ reflects earnings consistency.
- Quarterly profit growth (PAT up from 24 Cr. to 31.4 Cr., +25.1%).
- DII holding increased (+0.47%), showing domestic institutional support.
- Book value of 401 ₹ provides margin of safety.
Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming bearish trend.
- Dividend yield is very low (0.16%), offering minimal income support.
- High P/E (91.8) compared to industry average (20.0), indicating overvaluation.
- ROCE (4.25%) and ROE (3.84%) are weak compared to peers.
Company Negative News
- FII holding reduced (-0.15%), showing declining foreign investor confidence.
- PEG ratio (-13.8) highlights poor valuation relative to growth.
Company Positive News
- Quarterly profit improved sequentially, showing operational recovery.
- DII holding increased (+0.47%), reflecting domestic institutional optimism.
Industry
- Industry P/E at 20.0 is much lower than company’s P/E (91.8), highlighting premium pricing risk.
- Renewable and infrastructure sector remains supported by policy tailwinds and demand growth.
Conclusion
⚠️ ABREL is consolidating with weak short-term signals (negative MACD, neutral RSI, below DMA). Entry is favorable near 1,200–1,225 ₹ with strict stop-loss at 1,150 ₹. Exit zones lie around 1,300–1,400 ₹, with breakout potential toward 1,666 ₹ if momentum strengthens. Fundamentals show profit growth and DII support, but weak efficiency ratios, high valuation, and declining FII confidence raise caution. Traders should wait for confirmation signals; long-term investors may accumulate gradually on dips with strict risk management.