ABREL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of Aditya Birla Renewables Ltd. (ABREL)

📊 Trend Overview

Current Trend: The stock is in a consolidation phase within a broader downtrend. Price action remains weak, with lower highs and lower lows since its peak at ₹3,142.

Price Action: Trading at ₹1,907, slightly below the 50-DMA (₹1,919) and well below the 200-DMA (₹2,071), indicating bearish pressure and lack of trend reversal confirmation.

📈 Momentum Indicators

RSI (56.6): Neutral to mildly bullish. Indicates some buying interest but not strong momentum.

MACD (-5.28): Negative and declining, confirming short-term weakness and absence of bullish crossover.

Volume: Current volume (1.13L) is below the 1-week average (1.39L), suggesting reduced participation and lack of conviction.

📉 Volatility & Bands

Bollinger Bands: Price is near the middle band, confirming consolidation. No breakout or breakdown signal yet.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 1,850 – 1,880 Near recent swing low and psychological base

Resistance 1,920 – 2,000 50-DMA and previous rejection zone

Breakout Zone 2,100+ Above 200-DMA, trend reversal confirmation

🎯 Entry & Exit Strategy

Optimal Entry: ₹1,860 – ₹1,890 (on dips with bullish reversal confirmation)

Exit Zone: ₹1,980 – ₹2,100 (partial profit booking); ₹2,300+ (final resistance)

Stop Loss: ₹1,825 (below recent support)

🔍 Summary

Trend: Consolidating within a broader downtrend

Momentum: Weak signals from MACD; RSI neutral

Volume: Low, indicating lack of breakout strength

Outlook: Cautiously neutral; watch for breakout above ₹1,920–₹2,100 for trend reversal confirmation

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