ACMESOLAR - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 2.9

📊 Chart Patterns & Trend: ACMESOLAR is trading below both its 50 DMA (247 ₹) and 200 DMA (255 ₹), indicating weakness and a bearish undertone. Price action shows consolidation near 230–240 ₹ after a steep correction from highs of 324 ₹.

📈 Moving Averages: Current price (232 ₹) is below both moving averages, signaling short-term and medium-term weakness.

📉 RSI: At 47.3, RSI is neutral but leaning towards bearish, showing lack of strong momentum.

📊 MACD: Negative MACD (-6.35) confirms bearish momentum, suggesting caution for short-term traders.

📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions. A bounce is possible but not yet confirmed.

📊 Volume Trends: Current volume (8.16L) is nearly equal to 1-week average (8.18L), showing stable but uninspiring participation. No strong accumulation signals yet.

🎯 Entry Zone: 225–230 ₹ (near support).

🚪 Exit Zone: 245–255 ₹ (resistance near DMA levels).

⚠️ Stop Loss: 220 ₹ (below recent support).

📌 Overall Trend: Consolidating with bearish bias. A reversal requires sustained move above 250 ₹ with strong volume.

Positive

• Quarterly PAT improved significantly (0.81 Cr. → 29.4 Cr.).
• 52-week performance shows +41.4% growth.
• Debt-to-equity ratio moderate at 0.64.

Limitation

• Extremely high P/E of 656 vs industry average of 26.7.
• Weak ROCE (7.63%) and ROE (5.18%).
• Dividend yield very low (0.09%).
• PEG ratio of 11.9 indicates expensive valuation relative to growth.

Company Negative News

• FII holding reduced by -0.19%.
• DII holding reduced by -0.22%.
• Quarterly profit variation of -35.7% shows inconsistency.

Company Positive News

• EPS turned positive at 0.38 ₹.
• Quarterly PAT recovery indicates operational improvement.

Industry

• Industry PE at 26.7, far below ACMESOLAR’s valuation.
• Renewable energy sector remains promising but valuations are stretched.

Conclusion

⚖️ ACMESOLAR is consolidating near support with weak technical signals. Entry near 225–230 ₹ offers limited upside unless price breaks above 250 ₹ with strong volume. Fundamentally overvalued compared to peers, making cautious accumulation advisable only for high-risk investors.