ABSLAMC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | ABSLAMC | Market Cap | 27,966 Cr. | Current Price | 968 ₹ | High / Low | 1,047 ₹ |
| Stock P/E | 27.3 | Book Value | 123 ₹ | Dividend Yield | 2.48 % | ROCE | 35.5 % |
| ROE | 27.0 % | Face Value | 5.00 ₹ | DMA 50 | 876 ₹ | DMA 200 | 809 ₹ |
| Chg in FII Hold | -0.13 % | Chg in DII Hold | 0.49 % | PAT Qtr | 274 Cr. | PAT Prev Qtr | 245 Cr. |
| RSI | 59.8 | MACD | 31.6 | Volume | 5,58,702 | Avg Vol 1Wk | 8,41,116 |
| Low price | 556 ₹ | High price | 1,047 ₹ | PEG Ratio | 2.30 | Debt to equity | 0.02 |
| 52w Index | 84.0 % | Qtr Profit Var | 23.4 % | EPS | 35.4 ₹ | Industry PE | 27.5 |
📈 Chart & Trend: Current price (968 ₹) is above both 50 DMA (876 ₹) and 200 DMA (809 ₹), confirming strong bullish momentum and trend continuation.
📊 RSI: At 59.8, RSI is moderately bullish, showing healthy buying strength but nearing overbought territory.
📈 MACD: Positive (+31.6), indicating bullish crossover and sustained upward momentum.
📉 Bollinger Bands: Price is near the upper band, suggesting strong momentum but potential short-term resistance.
📉 Volume: Current volume (5,58,702) is below 1-week average (8,41,116), showing reduced participation despite bullish price action.
📍 Support Levels: 940 ₹ (near-term), 900 ₹ (major support), 876 ₹ (50 DMA support).
📍 Resistance Levels: 980 ₹ (near-term), 1,020 ₹ (major resistance), 1,047 ₹ (52-week high).
🔎 Momentum Signal: Strong short-term bullish momentum with breakout potential.
📌 Trend Status: Trending upward with consolidation risk near resistance.
Positive
- Strong ROCE (35.5%) and ROE (27.0%) indicate excellent efficiency.
- EPS of 35.4 ₹ reflects strong earnings power.
- Dividend yield of 2.48% provides income support.
- Quarterly profit growth (PAT up from 245 Cr. to 274 Cr., +23.4%).
Limitation
- Volume participation is weak compared to average, reducing conviction in momentum.
- PEG ratio (2.30) suggests valuation risk relative to growth.
- FII holding reduced (-0.13%), showing slight decline in foreign investor confidence.
Company Negative News
- FII holding reduced (-0.13%), reflecting weaker foreign sentiment.
- High P/E (27.3) compared to industry average (27.5) suggests limited valuation advantage.
Company Positive News
- DII holding increased (+0.49%), showing strong domestic institutional support.
- Quarterly profit growth (+23.4%) highlights operational improvement.
Industry
- Industry P/E at 27.5 is aligned with company’s P/E (27.3), suggesting fair valuation.
- Asset management sector remains supported by rising retail participation and long-term investment demand.
Conclusion
✅ ABSLAMC is trending upward with bullish signals (above DMA, positive MACD, RSI near 60). Entry is favorable near 940–960 ₹ with strict stop-loss at 900 ₹. Exit zones lie around 980–1,020 ₹, with breakout potential toward 1,047 ₹ if momentum strengthens. Fundamentals show strong efficiency, dividend support, and profit growth, but weak volume and slight FII decline raise caution. Traders can ride momentum with strict risk management; long-term investors may accumulate gradually for exposure to asset management growth.