⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
ACMESOLAR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | ACMESOLAR | Market Cap | 13,313 Cr. | Current Price | 220 ₹ | High / Low | 324 ₹ |
| Stock P/E | 257 | Book Value | 76.2 ₹ | Dividend Yield | 0.09 % | ROCE | 7.63 % |
| ROE | 5.18 % | Face Value | 2.00 ₹ | DMA 50 | 230 ₹ | DMA 200 | 247 ₹ |
| Chg in FII Hold | -1.54 % | Chg in DII Hold | 0.48 % | PAT Qtr | 31.7 Cr. | PAT Prev Qtr | 29.4 Cr. |
| RSI | 50.1 | MACD | -4.37 | Volume | 3,79,918 | Avg Vol 1Wk | 7,84,232 |
| Low price | 172 ₹ | High price | 324 ₹ | PEG Ratio | 4.65 | Debt to equity | 0.64 |
| 52w Index | 31.4 % | Qtr Profit Var | 2,394 % | EPS | 0.88 ₹ | Industry PE | 25.6 |
📊 Technical Analysis
- Chart Patterns: Price is trading below both 50 DMA (230 ₹) and 200 DMA (247 ₹), confirming weak technical structure and bearish bias.
- RSI (50.1): Neutral zone, showing balanced momentum but no strong buying signals.
- MACD (-4.37): Negative crossover indicates short-term bearish momentum.
- Bollinger Bands: Price near mid-band, suggesting consolidation with risk of further downside.
- Volume Trends: Current volume (3.79L) is significantly below 1-week average (7.84L), reflecting weak participation and lack of conviction.
📈 Momentum & Signals
- Trend: Consolidation with bearish bias.
- Support Zones: 220 ₹ (current level), 200 ₹ (psychological support), 172 ₹ (52-week low).
- Resistance Zones: 230 ₹ (50 DMA), 247 ₹ (200 DMA), 324 ₹ (52-week high).
- Entry Zone: 210–220 ₹ for cautious accumulation.
- Exit Zone: 240–250 ₹ unless breakout above 247 ₹ occurs.
✅ Positive
- Market cap of 13,313 Cr. ensures liquidity.
- Quarterly PAT improved slightly to 31.7 Cr. from 29.4 Cr.
- DII holding increased (+0.48%), showing domestic institutional support.
⚠️ Limitation
- Extremely high P/E (257) compared to industry average (25.6), suggesting overvaluation.
- Low EPS (0.88 ₹) relative to price.
- Weak ROCE (7.63%) and ROE (5.18%) indicate poor efficiency.
📉 Company Negative News
- FII holding decreased (–1.54%), showing reduced foreign investor confidence.
- High debt-to-equity ratio (0.64) compared to peers in renewable sector.
📈 Company Positive News
- Quarterly profit growth (+2,394% YoY) shows turnaround from weak base.
- Stock remains above 52-week low, showing resilience despite weak momentum.
🏭 Industry
- Industry P/E at 25.6 is far below ACMESOLAR’s valuation, highlighting premium pricing.
- Renewable energy sector benefits from government incentives and long-term demand growth.
🔎 Conclusion
- Stock is in consolidation with bearish bias.
- RSI neutral and MACD negative suggest caution; momentum remains weak.
- Best strategy: Accumulate cautiously near 210–220 ₹ with stop-loss below 200 ₹.
- Upside capped at 240–250 ₹ unless breakout above 247 ₹ occurs.