AFCONS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here’s a detailed technical analysis of Afcons Infrastructure Ltd. (AFCONS)

📊 Trend Overview

Current Trend: The stock is in a strong uptrend, recovering from its recent low of ₹382 and currently trading above both key moving averages.

Price Action: At ₹455, AFCONS is above the 50-DMA (₹433) and 200-DMA (₹446), confirming bullish momentum across short and medium-term timeframes.

📈 Momentum Indicators

RSI (67.4): Bullish zone, approaching overbought territory. Indicates strong buying interest but caution is warranted above 70.

MACD (8.59): Positive and rising, confirming bullish momentum and trend continuation.

Volume: Current volume (7.91L) is above the 1-week average (6.01L), showing strong participation and supporting the upward move.

📉 Volatility & Bands

Bollinger Bands: Price is near the upper band, signaling strength. A breakout above ₹460–₹470 with volume would confirm further upside.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 433 – 446 Near 50-DMA and 200-DMA

Resistance 470 – 490 Recent swing highs and upper Bollinger Band

Breakout Zone 500+ Above this, next target is ₹540 – ₹570

🎯 Entry & Exit Strategy

Optimal Entry: ₹440 – ₹450 (on dips with bullish confirmation)

Exit Zone: ₹490 – ₹500 (partial profit booking); ₹540+ (final resistance)

Stop Loss: ₹425 (below 50-DMA)

🔍 Summary

Trend: Trending upward

Momentum: Strong bullish signals from RSI and MACD

Volume: Surging, confirming breakout strength

Outlook: Positive; watch for breakout above ₹470 with volume for next leg up

Would you like alerts for breakout levels or a comparison with other infrastructure sector stocks?

Edit in a page