ACMESOLAR - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.9

ACMESOLAR is currently in a consolidation phase with weak momentum indicators and low volume. Entry near support may offer a speculative opportunity, but caution is advised due to valuation and earnings volatility.

Technical Analysis Report

• Trend Status: Consolidating
• Moving Averages: Price (₹274) is below 50 DMA (₹284) and above 200 DMA (₹262), indicating neutral to mildly bearish setup

  Trendlyne

  +1

• RSI (47.2): Neutral zone, no strong momentum signal

  Trendlyne

• MACD (-1.04): Bearish crossover, suggesting short-term weakness

  Trendlyne

• Bollinger Bands: Price near lower band, indicating potential bounce but no confirmation
• Volume: Below average (6.69L vs 8.71L), showing low conviction

  Trendlyne

• Support Zones: ₹270, ₹262
• Resistance Zones: ₹287, ₹295
• Entry Zone: ₹262–₹270 (near support)
• Exit Zone: ₹287–₹295 (near resistance)

Sources

Trendlyne

+2

Positive

• Price is still above 200 DMA, indicating long-term support
• Quarterly PAT turned positive (₹0.81 Cr) from a loss of ₹9.99 Cr
• PEG ratio of 7.94 reflects high growth expectations

Limitation

• Extremely high P/E ratio (438) vs industry average (31.2) suggests severe overvaluation
• MACD and RSI show weak momentum
• Volume trends are declining, indicating low investor interest

Company Negative News

• Quarterly profit variation of -99.5% signals earnings instability
• Decline in both FII (-0.19%) and DII (-0.22%) holdings

Company Positive News

• Stock has gained 67.8% from its 52-week low
• EPS of ₹0.74 shows recovery from negative earnings

Industry

• Green & Renewable Energy sector is gaining traction amid global sustainability push
• Industry P/E of 31.2 is far more reasonable than ACMESOLAR’s valuation

Conclusion

• ACMESOLAR is in a consolidation phase with weak technical signals
• Entry near ₹262–₹270 may offer speculative upside if volume and MACD improve
• Exit near ₹287–₹295 is ideal for short-term trades
• Investors should monitor earnings consistency and valuation risks closely