ABSLAMC - 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 Sun Life AMC Ltd. (ABSLAMC)

📊 Trend Overview

Current Trend: The stock is in a short-term reversal phase, pulling back from its recent high of ₹912. Price action suggests weakening momentum and potential retest of support levels.

Price Action: Trading at ₹823, below the 50-DMA (₹836) but still above the 200-DMA (₹762), indicating a neutral-to-cautious bias.

📈 Momentum Indicators

RSI (40.6): Bearish zone, approaching oversold territory. Indicates declining buying interest and potential for further downside.

MACD (-5.62): Bearish crossover, confirming short-term weakness and lack of bullish momentum.

Volume: Current volume (2.6L) is below the 1-week average (3.1L), showing reduced participation, which supports the reversal narrative.

📉 Volatility & Bands

Bollinger Bands: Price is near the lower band, suggesting oversold conditions. A bounce from this level is possible but needs volume confirmation.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 800 – 815 Near recent swing low and lower Bollinger Band

Resistance 836 – 850 50-DMA and previous rejection zone

Breakout Zone 860+ Above this, next target is ₹890 – ₹912

🎯 Entry & Exit Strategy

Optimal Entry: ₹805 – ₹815 (on dips with bullish reversal confirmation)

Exit Zone: ₹850 – ₹860 (partial profit booking); ₹890+ (final resistance)

Stop Loss: ₹790 (below recent support)

🔍 Summary

Trend: Reversing downward short-term

Momentum: Weak signals from RSI and MACD

Volume: Declining, confirming lack of conviction

Outlook: Cautiously bearish; wait for bounce confirmation above ₹836 or reversal near ₹800

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