ABREL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.7
| Stock Code | ABREL | Market Cap | 16,600 Cr. | Current Price | 1,486 ₹ | High / Low | 2,538 ₹ |
| Stock P/E | 111 | Book Value | 401 ₹ | Dividend Yield | 0.13 % | ROCE | 4.25 % |
| ROE | 3.84 % | Face Value | 10.0 ₹ | DMA 50 | 1,345 ₹ | DMA 200 | 1,584 ₹ |
| Chg in FII Hold | 0.08 % | Chg in DII Hold | -0.50 % | PAT Qtr | 31.4 Cr. | PAT Prev Qtr | 24.0 Cr. |
| RSI | 65.2 | MACD | 71.2 | Volume | 2,54,235 | Avg Vol 1Wk | 2,50,628 |
| Low price | 1,080 ₹ | High price | 2,538 ₹ | PEG Ratio | -16.8 | Debt to equity | 0.89 |
| 52w Index | 27.9 % | Qtr Profit Var | 25.1 % | EPS | 8.04 ₹ | Industry PE | 27.0 |
📈 Chart Patterns & Trend: ABREL is trading above its 50 DMA (₹1,345) but below 200 DMA (₹1,584), showing short-term strength but weak medium-term support. RSI at 65.2 indicates bullish momentum nearing overbought territory. MACD at 71.2 confirms positive divergence. Bollinger Bands suggest volatility expansion with price trending upward. Price action remains closer to lows (₹1,080) than highs (₹2,538), signaling recovery but limited upside.
🔑 Momentum Signals: RSI above 65 signals strong buying interest. MACD positive supports bullish bias. Volume (2.54L) is slightly above average (2.50L), confirming accumulation. Trendlines highlight support near ₹1,350–₹1,380 and resistance near ₹1,480–₹1,500.
🎯 Entry Zone: ₹1,350 – ₹1,380 (support levels)
💰 Exit Zone: ₹1,480 – ₹1,500 (resistance levels)
📊 Status: Trending upward with short-term momentum; consolidation or pullback possible near resistance due to stretched valuations.
Positive
- Quarterly PAT growth (+25.1%) shows earnings improvement
- EPS at ₹8.04 supports valuation
- Stock trading above 50 DMA with positive MACD
- FII holdings increased (+0.08%), showing marginal foreign confidence
Limitation
- Extremely high P/E (111) vs industry average (27.0)
- Weak ROE (3.84%) and ROCE (4.25%)
- Negative PEG ratio (-16.8) highlights poor growth alignment
- Debt-to-equity ratio at 0.89 adds leverage risk
- Dividend yield negligible at 0.13%
Company Negative News
- DII holdings decreased (-0.50%)
- Valuation concerns due to stretched multiples
Company Positive News
- Quarterly profit growth boosts sentiment
- Marginal FII inflows indicate foreign support
Industry
- Industry PE at 27.0 highlights sector undervaluation compared to ABREL
- Renewable energy sector benefiting from policy support and rising demand
Conclusion
⚠️ ABREL is in a short-term uptrend with bullish momentum supported by earnings growth. However, valuations remain extremely stretched and efficiency metrics are weak. Entry is favorable near ₹1,350–₹1,380, while profit-taking should be considered around ₹1,480–₹1,500. Traders may exploit short-term momentum, but investors should remain cautious due to overvaluation, weak fundamentals, and declining domestic participation.
Would you like me to extend this into a peer benchmarking overlay (ABREL vs Adani Green and Tata Power) so you can see relative positioning within the renewable energy sector?