ACMESOLAR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | ACMESOLAR | Market Cap | 18,543 Cr. | Current Price | 306 ₹ | High / Low | 324 ₹ |
| Stock P/E | 56.6 | Book Value | 81.7 ₹ | Dividend Yield | 0.07 % | ROCE | 9.27 % |
| ROE | 6.89 % | Face Value | 2.00 ₹ | DMA 50 | 279 ₹ | DMA 200 | 259 ₹ |
| Chg in FII Hold | -0.43 % | Chg in DII Hold | 0.18 % | PAT Qtr | 266 Cr. | PAT Prev Qtr | 31.7 Cr. |
| RSI | 64.0 | MACD | 3.74 | Volume | 14,58,770 | Avg Vol 1Wk | 22,47,202 |
| Low price | 196 ₹ | High price | 324 ₹ | PEG Ratio | 0.64 | Debt to equity | 0.86 |
| 52w Index | 85.8 % | Qtr Profit Var | 2,760 % | EPS | 5.61 ₹ | Industry PE | 28.8 |
📈 Chart Patterns: ACMESOLAR is trending upward, holding above both 50 DMA (279 ₹) and 200 DMA (259 ₹), showing strong short-term momentum.
📊 Moving Averages: Current price (306 ₹) is comfortably above both DMAs, reflecting bullish bias.
📉 RSI: At 64.0, RSI indicates strong momentum but nearing overbought territory.
📈 MACD: Positive at 3.74, confirming bullish crossover though momentum is moderate.
📊 Bollinger Bands: Price is near the upper band, suggesting strong momentum with risk of short-term pullback.
📉 Volume Trends: Current volume (14,58,770) is below average weekly volume (22,47,202), showing reduced participation in the rally.
🎯 Entry Zone: 290 ₹ – 300 ₹ (near DMA support)
🚪 Exit Zone: 318 ₹ – 324 ₹ (resistance near 52-week high)
📌 Trend Status: Trending upward with bullish bias
Positive
- Quarterly PAT surged to 266 Cr from 31.7 Cr (2,760% growth)
- Price trading above both 50 & 200 DMA
- 52-week index at 85.8% confirms strong performance
- PEG ratio at 0.64 suggests reasonable growth-adjusted valuation
Limitation
- ROE (6.89%) and ROCE (9.27%) remain weak
- High debt-to-equity ratio (0.86) adds financial risk
- Volume participation below average
- Dividend yield at 0.07% is negligible
Company Negative News
- FII holdings declined (-0.43%)
- Efficiency metrics remain weak despite profit surge
Company Positive News
- Strong EPS growth (5.61 ₹)
- DII holdings increased (+0.18%)
- Quarterly profit rebound supports investor sentiment
Industry
- Industry PE at 28.8 highlights sector trading at lower valuations compared to ACMESOLAR
- Renewable energy sector showing strong demand growth
Conclusion
⚖️ ACMESOLAR is trending upward with bullish signals supported by MACD and RSI. Entry near 290–300 ₹ offers favorable risk-reward, while resistance at 318–324 ₹ may cap short-term upside. Long-term investors should be cautious due to weak efficiency and high debt, but momentum traders can capitalize on near-term strength.
I can extend this into a swing trade strategy with holding period guidance, or prepare a peer benchmarking overlay comparing ACMESOLAR’s valuation and momentum against other renewable energy peers.