ACMESOLAR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | ACMESOLAR | Market Cap | 18,352 Cr. | Current Price | 303 ₹ | High / Low | 324 ₹ |
| Stock P/E | 354 | Book Value | 76.2 ₹ | Dividend Yield | 0.07 % | ROCE | 7.63 % |
| ROE | 5.18 % | Face Value | 2.00 ₹ | DMA 50 | 268 ₹ | DMA 200 | 252 ₹ |
| Chg in FII Hold | -0.43 % | Chg in DII Hold | 0.18 % | PAT Qtr | 31.7 Cr. | PAT Prev Qtr | 29.4 Cr. |
| RSI | 63.9 | MACD | 14.1 | Volume | 12,04,262 | Avg Vol 1Wk | 9,96,722 |
| Low price | 196 ₹ | High price | 324 ₹ | PEG Ratio | 6.41 | Debt to equity | 0.64 |
| 52w Index | 83.3 % | Qtr Profit Var | 2,394 % | EPS | 0.88 ₹ | Industry PE | 31.0 |
📈 Chart Patterns & Trend: ACMESOLAR is trading above both 50 DMA (₹268) and 200 DMA (₹252), showing medium-term strength. RSI at 63.9 indicates bullish momentum but nearing overbought territory. MACD positive at 14.1 supports short-term upward bias. Bollinger Bands suggest volatility expansion, but price action is close to its 52-week high (₹324), limiting upside.
🔑 Momentum Signals: RSI above 60 signals strong buying interest. MACD positive confirms bullish bias. Volume (12.0L) is higher than average (9.9L), showing accumulation. Trendlines highlight support near ₹285 and resistance near ₹320–324.
🎯 Entry Zone: ₹285 – ₹295 (support levels)
💰 Exit Zone: ₹318 – ₹324 (resistance levels)
📊 Status: Trending upward but overextended; consolidation likely near resistance.
Positive
- Quarterly PAT surged (₹31.7 Cr vs ₹29.4 Cr)
- EPS improved to ₹0.88
- Stock trading above both 50 DMA and 200 DMA
- DII holdings increased (+0.18%)
Limitation
- Extremely high P/E (354) vs industry average (31.0)
- Weak ROE (5.18%) and ROCE (7.63%)
- PEG ratio at 6.41 indicates expensive growth pricing
- Dividend yield negligible (0.07%)
Company Negative News
- FII holdings declined (-0.43%)
- Valuation concerns due to stretched multiples
Company Positive News
- Quarterly profit growth of 2,394% YoY
- Strong trading volumes indicate investor interest
Industry
- Industry PE at 31.0 highlights sector stability
- Peers trading at lower multiples, making ACMESOLAR appear overvalued
Conclusion
⚠️ ACMESOLAR shows short-term bullish momentum supported by strong volumes and positive MACD. However, valuations are extremely stretched with weak ROE/ROCE and negligible dividend yield. Best suited for tactical trades near ₹285–₹295 with profit-taking around ₹318–₹324. Long-term investors should be cautious given fundamental weaknesses.
Would you like me to add a benchmarking overlay against other renewable energy peers (Adani Green, Tata Power, JSW Energy) so you can see how ACMESOLAR’s valuation and momentum compare within the sector?