ACMESOLAR - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | ACMESOLAR | Market Cap | 15,052 Cr. | Current Price | 249 ₹ | High / Low | 324 ₹ |
| Stock P/E | 290 | Book Value | 76.2 ₹ | Dividend Yield | 0.08 % | ROCE | 7.63 % |
| ROE | 5.18 % | Face Value | 2.00 ₹ | DMA 50 | 232 ₹ | DMA 200 | 243 ₹ |
| Chg in FII Hold | -1.54 % | Chg in DII Hold | 0.48 % | PAT Qtr | 31.7 Cr. | PAT Prev Qtr | 29.4 Cr. |
| RSI | 60.6 | MACD | 5.08 | Volume | 7,43,539 | Avg Vol 1Wk | 40,33,313 |
| Low price | 173 ₹ | High price | 324 ₹ | PEG Ratio | 5.26 | Debt to equity | 0.64 |
| 52w Index | 50.2 % | Qtr Profit Var | 2,394 % | EPS | 0.88 ₹ | Industry PE | 29.8 |
📈 Chart & Trend: Current price (249 ₹) is above both 50 DMA (232 ₹) and 200 DMA (243 ₹), showing short-term bullish momentum but still near resistance zones.
📊 RSI: At 60.6, RSI indicates moderate bullish strength, not yet overbought.
📈 MACD: Positive (+5.08), suggesting bullish crossover and continuation potential.
📉 Bollinger Bands: Price is near the upper band, showing momentum but risk of short-term pullback.
📉 Volume: Current volume (7,43,539) is significantly below 1-week average (40,33,313), indicating reduced participation and lack of strong accumulation.
📍 Support Levels: 240 ₹ (near-term), 225 ₹ (major support), 173 ₹ (long-term support).
📍 Resistance Levels: 260 ₹ (near-term), 280 ₹ (major resistance), 324 ₹ (52-week high).
🔎 Momentum Signal: Short-term bullish momentum but weak volume confirmation.
📌 Trend Status: Trending upward but vulnerable to consolidation near resistance.
Positive
- Strong quarterly profit growth (PAT up from 29.4 Cr. to 31.7 Cr.).
- EPS growth with improving profitability trend.
- DII holding increased (+0.48%), showing domestic institutional support.
Limitation
- Extremely high P/E (290) compared to industry average (29.8), indicating overvaluation.
- Low ROE (5.18%) and ROCE (7.63%) reflect weak efficiency.
- PEG ratio (5.26) suggests poor valuation relative to growth.
- Dividend yield is very low (0.08%), offering minimal income support.
Company Negative News
- FII holding reduced (-1.54%), showing declining foreign investor confidence.
- High debt-to-equity ratio (0.64) compared to peers, raising leverage concerns.
Company Positive News
- Quarterly profit growth of 2,394% shows sharp recovery momentum.
- Book value of 76.2 ₹ provides margin of safety relative to fundamentals.
Industry
- Industry P/E at 29.8 is much lower than company valuation, highlighting premium pricing risk.
- Renewable energy sector remains in growth phase, supported by policy and demand tailwinds.
Conclusion
⚠️ ACMESOLAR is showing short-term bullish signals (above DMA, positive MACD, RSI near 60), but weak volume and extreme valuation raise caution. Entry is favorable near 240–245 ₹ with strict stop-loss at 225 ₹. Exit zones lie around 260–280 ₹, with breakout potential toward 324 ₹ if momentum strengthens. Fundamentals show growth recovery but efficiency ratios remain weak. Short-term traders may ride momentum cautiously, while long-term investors should wait for earnings consistency before accumulation.