ABREL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.7

Technical Analysis Report

• Trend Status: Reversing upward
• Moving Averages: Price (₹1,873) is above 50 DMA (₹1,773) but below 200 DMA (₹1,979), indicating short-term bullish reversal with long-term caution
• RSI (66.0): Bullish momentum, nearing overbought zone
• MACD (19.2): Strong positive crossover, confirming upward momentum
• Bollinger Bands: Price near upper band, suggesting potential short-term resistance
• Volume: Below average (2.5L vs 5.9L), showing weak participation
• Support Zones: ₹1,820, ₹1,770
• Resistance Zones: ₹1,940, ₹2,000
• Entry Zone: ₹1,820–₹1,850 (near support)
• Exit Zone: ₹1,940–₹2,000 (near resistance)

Positive

• MACD and RSI indicate strong short-term bullish momentum
• Price above 50 DMA supports reversal thesis
• Quarterly profit variation of +136% shows significant earnings improvement

Limitation

• Price still below 200 DMA, limiting long-term bullish confirmation
• Volume significantly below average, indicating weak conviction
• PEG ratio of -22.1 suggests valuation concerns relative to growth

Company Negative News

• Quarterly PAT declined from ₹27.5 Cr to ₹24.0 Cr
• DII holding dropped by 0.31%, reflecting cautious domestic sentiment

Company Positive News

• EPS of ₹5.26 supports earnings visibility
• Stock has gained 21.9% from its 52-week low

Industry

• Renewable energy sector remains a long-term growth theme amid global sustainability push
• Industry P/E of 18.7 suggests ABREL trades at a significant premium

Conclusion

• ABREL is in a bullish reversal phase with improving technical indicators
• Entry near ₹1,820–₹1,850 offers a tactical setup
• Exit near ₹1,940–₹2,000 is ideal for short-term gains
• Investors should monitor volume and RSI for sustainability of momentum