ABREL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 1.8

📊 Technical Overview of Aditya Birla Renewables Ltd. (ABREL)

📉 Trend Analysis

Current Price: ₹1,943

50 DMA: ₹2,187

200 DMA: ₹2,171

Trend Status: The stock is in a strong downtrend, trading well below both moving averages with no signs of stabilization.

📉 Momentum Indicators

RSI (24.2): Deeply oversold, indicating extreme bearish momentum. Could signal a technical bounce, but not a trend reversal.

MACD (-85.2): Sharply negative, confirming strong downward momentum.

Volume: 80.9K vs 1-week avg of 3L — significantly lower, suggesting weak participation and lack of buying interest.

📊 Bollinger Bands

Price likely hugging the lower band, consistent with oversold RSI and steep MACD.

Bands may be widening, indicating continued volatility and downside risk.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 2,187 Resistance

200 DMA 2,171 Resistance

Current Price 1,943 Below both DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 1,900–1,920 Immediate support zone

Support 2 1,640–1,660 52-week low zone

Resistance 1 2,170–2,190 DMA cluster resistance

Resistance 2 2,400–2,450 Previous breakdown zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹1,900–₹1,920 (only for high-risk traders looking for a technical bounce)

Exit Zone (Short-Term): ₹2,170–₹2,190 (DMA resistance), ₹2,400+ (if bounce sustains)

Stop Loss: ₹1,640 (below 52-week low)

📌 Summary

Trend: Strong downtrend

Momentum: Extremely bearish

Volume: Weak, confirming lack of demand

Setup: Avoid entry unless RSI rebounds and volume surges; high-risk zone with poor fundamentals

Would you like to explore renewable energy stocks with stronger technical setups and better profitability metrics?

Edit in a page