AFCONS - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.2

📊 Technical Overview of Afcons Infrastructure Ltd. (AFCONS)

📉 Trend Analysis

Current Price: ₹397

50 DMA: ₹429

200 DMA: ₹452

Trend Status: The stock is in a clear downtrend, trading well below both moving averages. Recent price action suggests continued weakness with no signs of reversal yet.

📉 Momentum Indicators

RSI (28.3): Deeply oversold, indicating strong bearish momentum. Could signal a technical bounce, but not a trend reversal.

MACD (-7.00): Negative and diverging, confirming downward momentum.

Volume: 12.6L vs 1-week avg of 11.5L — slightly elevated, possibly due to panic selling or bottom-fishing attempts.

📊 Bollinger Bands

Price likely hugging the lower band, consistent with oversold RSI and negative MACD.

Bands may be widening, suggesting volatility spike and potential for further downside unless support holds.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 429 Resistance

200 DMA 452 Strong Resistance

Current Price 397 Below both DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 382–390 Near-term support zone

Support 2 360–370 Psychological support

Resistance 1 430–435 50 DMA zone

Resistance 2 450–455 200 DMA zone

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹382–₹390 (only for high-risk traders seeking a technical bounce)

Exit Zone (Short-Term): ₹430–₹435 (initial resistance), ₹450+ (if bounce sustains)

Stop Loss: ₹360 (below psychological support)

📌 Summary

Trend: Strong downtrend

Momentum: Bearish and oversold

Volume: Slightly elevated, but not bullish

Setup: High-risk zone; avoid entry unless reversal signals emerge

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