AFCONS - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.6

Technical Analysis Report

• Trend Status: Consolidating
• Moving Averages: Price (₹451) is slightly above both 50 DMA (₹446) and 200 DMA (₹447), indicating neutral to mildly bullish setup
• RSI (48.9): Neutral zone, no strong momentum signal
• MACD (0.00): Flat, suggesting indecision in momentum
• Bollinger Bands: Price near mid-band, indicating equilibrium with no breakout signal
• Volume: Significantly below average (1.96L vs 5.27L), showing weak participation
• Support Zones: ₹440, ₹420
• Resistance Zones: ₹465, ₹480
• Entry Zone: ₹440–₹450 (near support)
• Exit Zone: ₹465–₹480 (near resistance)

Positive

• Price above both key moving averages suggests underlying strength
• Strong ROCE (22.5%) and ROE (14.9%) reflect solid operational efficiency
• PEG ratio of 0.87 indicates reasonable valuation relative to growth
• DII holding increased by 3.41%, showing strong domestic institutional confidence

Limitation

• MACD flat, indicating lack of momentum direction
• RSI below 50 shows weak bullish conviction
• Volume significantly below average, suggesting low market interest

Company Negative News

• Quarterly PAT declined from ₹175 Cr to ₹136 Cr
• FII holding dropped by 2.99%, reflecting cautious foreign sentiment

Company Positive News

• EPS of ₹17.1 supports earnings visibility
• Quarterly profit variation of +31.0% shows year-over-year improvement

Industry

• Infrastructure and construction sector remains robust with government-led capital expenditure
• Industry P/E of 22.1 suggests AFCONS trades at a slight premium

Conclusion

• AFCONS is in a consolidation phase with neutral technical indicators
• Entry near ₹440–₹450 offers a cautious setup
• Exit near ₹465–₹480 is ideal for short-term gains
• Investors should monitor MACD and volume for confirmation of breakout or reversal