ACC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | ACC | Market Cap | 26,381 Cr. | Current Price | 1,404 ₹ | High / Low | 2,123 ₹ |
| Stock P/E | 10.4 | Book Value | 1,046 ₹ | Dividend Yield | 0.53 % | ROCE | 17.6 % |
| ROE | 13.4 % | Face Value | 10.0 ₹ | DMA 50 | 1,597 ₹ | DMA 200 | 1,778 ₹ |
| Chg in FII Hold | 0.95 % | Chg in DII Hold | -1.18 % | PAT Qtr | 404 Cr. | PAT Prev Qtr | 1,112 Cr. |
| RSI | 26.2 | MACD | -71.8 | Volume | 2,11,123 | Avg Vol 1Wk | 3,00,223 |
| Low price | 1,360 ₹ | High price | 2,123 ₹ | PEG Ratio | 1.53 | Debt to equity | 0.02 |
| 52w Index | 5.78 % | Qtr Profit Var | -62.9 % | EPS | 148 ₹ | Industry PE | 27.6 |
📉 Chart & Trend: Current price (1,404 ₹) is below both 50 DMA (1,597 ₹) and 200 DMA (1,778 ₹), confirming a strong downtrend.
📊 RSI: At 26.2, RSI is oversold, indicating weak buying strength but potential for a short-term bounce.
📉 MACD: Negative (-71.8), showing bearish crossover and weak momentum.
📈 Bollinger Bands: Price is near the lower band, suggesting oversold conditions but no confirmed reversal yet.
📉 Volume: Current volume (2,11,123) is below 1-week average (3,00,223), showing reduced participation and lack of accumulation.
📍 Support Levels: 1,360 ₹ (near-term), 1,300 ₹ (major support), 1,046 ₹ (book value support).
📍 Resistance Levels: 1,500 ₹ (near-term), 1,600 ₹ (major resistance), 1,778 ₹ (200 DMA resistance).
🔎 Momentum Signal: Weak short-term momentum, oversold but still bearish.
📌 Trend Status: Reversing downward with risk of further decline if support breaks.
Positive
- Low debt-to-equity ratio (0.02) ensures financial stability.
- Reasonable P/E (10.4) compared to industry average (27.6), suggesting undervaluation.
- EPS of 148 ₹ reflects strong long-term earnings potential.
Limitation
- Stock trading well below both 50 DMA and 200 DMA, confirming bearish trend.
- Dividend yield is modest (0.53%), offering limited income support.
- 52-week index performance only 5.78%, showing weak relative strength.
Company Negative News
- Quarterly profit dropped sharply from 1,112 Cr. to 404 Cr. (-62.9%).
- DII holding reduced (-1.18%), showing declining domestic institutional confidence.
Company Positive News
- FII holding increased (+0.95%), reflecting foreign investor interest.
- Book value of 1,046 ₹ provides strong margin of safety.
Industry
- Industry P/E at 27.6 is much higher than company’s P/E (10.4), suggesting potential undervaluation if earnings stabilize.
- Cement sector remains cyclical but supported by infrastructure demand.
Conclusion
⚠️ ACC is in a bearish reversal, trading below key moving averages with negative MACD and oversold RSI. Entry is only favorable near strong support zones (1,360–1,400 ₹) with strict stop-loss at 1,300 ₹. Exit zones lie around 1,500–1,600 ₹ if momentum recovers. Fundamentals show low debt and undervaluation, but sharp profit decline raises caution. Short-term traders should wait for confirmation signals before entry; long-term investors may accumulate gradually if earnings stabilize.