ABSLAMC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | ABSLAMC | Market Cap | 29,562 Cr. | Current Price | 1,022 ₹ | High / Low | 1,124 ₹ |
| Stock P/E | 29.9 | Book Value | 139 ₹ | Dividend Yield | 2.35 % | ROCE | 32.7 % |
| ROE | 25.6 % | Face Value | 5.00 ₹ | DMA 50 | 998 ₹ | DMA 200 | 882 ₹ |
| Chg in FII Hold | -0.30 % | Chg in DII Hold | 0.76 % | PAT Qtr | 192 Cr. | PAT Prev Qtr | 274 Cr. |
| RSI | 50.8 | MACD | 1.05 | Volume | 2,56,399 | Avg Vol 1Wk | 2,77,597 |
| Low price | 708 ₹ | High price | 1,124 ₹ | PEG Ratio | 1.60 | Debt to equity | 0.02 |
| 52w Index | 75.7 % | Qtr Profit Var | -15.7 % | EPS | 34.1 ₹ | Industry PE | 30.4 |
📈 Chart Patterns: ABSLAMC is consolidating near its 50 DMA (998 ₹) and comfortably above 200 DMA (882 ₹), showing short-term strength but medium-term resistance near 1,124 ₹.
📊 Moving Averages: Current price (1,022 ₹) is above both DMAs, reflecting bullish bias with consolidation.
📉 RSI: At 50.8, RSI indicates neutral momentum, neither overbought nor oversold.
📈 MACD: Mildly positive at 1.05, suggesting weak bullish crossover and limited momentum.
📊 Bollinger Bands: Price is mid-band, signaling consolidation with potential breakout if volume improves.
📉 Volume Trends: Current volume (2,56,399) is slightly below average weekly volume (2,77,597), showing moderate participation.
🎯 Entry Zone: 995 ₹ – 1,010 ₹ (near 50 DMA support)
🚪 Exit Zone: 1,090 ₹ – 1,120 ₹ (resistance near recent high)
📌 Trend Status: Consolidating with mild bullish bias
Positive
- Price trading above both 50 & 200 DMA
- Strong ROCE (32.7%) and ROE (25.6%) highlight efficiency
- Dividend yield at 2.35% provides income support
- DII holdings increased (+0.76%)
- EPS at 34.1 ₹ supports valuation stability
Limitation
- Quarterly PAT declined (274 Cr → 192 Cr, -15.7%)
- FII holdings decreased (-0.30%)
- Volume participation slightly below average
- Resistance near 1,124 ₹ may cap upside
Company Negative News
- Profit contraction in latest quarter
- FII outflows highlight reduced foreign confidence
Company Positive News
- DII inflows highlight domestic institutional support
- Strong efficiency metrics (ROCE/ROE)
- Dividend yield supports investor sentiment
Industry
- Industry PE at 30.4 highlights sector trading at similar valuations
- Asset management sector showing steady demand and resilience
Conclusion
⚖️ ABSLAMC is consolidating with neutral momentum signals, trading above DMAs but facing resistance near 1,124 ₹. Entry near 995–1,010 ₹ offers tactical opportunities, while resistance at 1,090–1,120 ₹ may cap short-term upside. Long-term investors benefit from strong efficiency and dividend yield, but profit contraction and FII outflows warrant caution.
I can extend this into a swing trade strategy with holding period guidance, or prepare a peer benchmarking overlay comparing ABSLAMC’s valuation and momentum against other asset management peers.