⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
ABREL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | ABREL | Market Cap | 13,430 Cr. | Current Price | 1,202 ₹ | High / Low | 2,538 ₹ |
| Stock P/E | 90.2 | Book Value | 401 ₹ | Dividend Yield | 0.16 % | ROCE | 4.25 % |
| ROE | 3.84 % | Face Value | 10.0 ₹ | DMA 50 | 1,564 ₹ | DMA 200 | 1,814 ₹ |
| Chg in FII Hold | -0.15 % | Chg in DII Hold | 0.47 % | PAT Qtr | 31.4 Cr. | PAT Prev Qtr | 24.0 Cr. |
| RSI | 18.6 | MACD | -113 | Volume | 1,54,879 | Avg Vol 1Wk | 2,42,202 |
| Low price | 1,185 ₹ | High price | 2,538 ₹ | PEG Ratio | -13.6 | Debt to equity | 0.89 |
| 52w Index | 1.28 % | Qtr Profit Var | 25.1 % | EPS | 8.04 ₹ | Industry PE | 17.7 |
📊 Technical Analysis
- Chart Patterns: Current price (1,202 ₹) is trading well below both 50 DMA (1,564 ₹) and 200 DMA (1,814 ₹), confirming strong bearish momentum.
- RSI (18.6): Deeply oversold, suggesting potential for a short-term bounce but overall weakness.
- MACD (-113): Strong negative crossover, confirming bearish trend continuation.
- Bollinger Bands: Price near lower band, indicating oversold conditions but risk of further breakdown.
- Volume Trends: Current volume (1.55L) is below 1-week average (2.42L), reflecting weak participation and lack of strong buying interest.
📈 Momentum & Signals
- Trend: Bearish reversal.
- Support Zones: 1,185 ₹ (recent low), 1,150 ₹ (major support).
- Resistance Zones: 1,564 ₹ (50 DMA), 1,814 ₹ (200 DMA), 2,000 ₹ (psychological resistance).
- Entry Zone: 1,180–1,200 ₹ only for short-term traders looking for oversold bounce.
- Exit Zone: 1,500–1,550 ₹ unless strong reversal above 1,564 ₹ occurs.
✅ Positive
- Quarterly PAT improved to 31.4 Cr. from 24.0 Cr. (+25.1%).
- DII holding increased (+0.47%), showing domestic institutional support.
- EPS of 8.04 ₹ provides some earnings visibility.
⚠️ Limitation
- Stock trading far below both 50 DMA and 200 DMA, confirming bearish technical setup.
- High P/E (90.2) compared to industry average (17.7), suggesting overvaluation.
- ROCE (4.25%) and ROE (3.84%) are weak, indicating poor efficiency.
📉 Company Negative News
- FII holding decreased (–0.15%), showing reduced foreign investor confidence.
- PEG ratio (–13.6) indicates poor earnings growth relative to valuation.
- Weak 52-week performance (Index 1.28%), reflecting poor relative strength.
📈 Company Positive News
- Quarterly profit growth highlights operational improvement.
- DII support increased (+0.47%), balancing FII outflows.
🏭 Industry
- Industry P/E at 17.7 is much lower, highlighting ABREL’s premium valuation.
- Renewable energy sector benefits from government incentives and long-term demand growth, though near-term margins remain pressured.
🔎 Conclusion
- Stock is in a bearish reversal phase.
- RSI oversold and MACD strongly negative suggest caution; only short-term bounce possible.
- Best strategy: Accumulate cautiously near 1,180–1,200 ₹ with strict stop-loss below 1,150 ₹.
- Upside limited to 1,500–1,550 ₹ unless strong reversal