AFCONS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | AFCONS | Market Cap | 11,703 Cr. | Current Price | 318 ₹ | High / Low | 479 ₹ |
| Stock P/E | 35.4 | Book Value | 136 ₹ | Dividend Yield | 0.79 % | ROCE | 14.8 % |
| ROE | 6.72 % | Face Value | 10.0 ₹ | DMA 50 | 320 ₹ | DMA 200 | 361 ₹ |
| Chg in FII Hold | -0.62 % | Chg in DII Hold | 1.36 % | PAT Qtr | -63.0 Cr. | PAT Prev Qtr | 166 Cr. |
| RSI | 49.3 | MACD | -2.37 | Volume | 5,61,408 | Avg Vol 1Wk | 11,84,523 |
| Low price | 266 ₹ | High price | 479 ₹ | PEG Ratio | -4.42 | Debt to equity | 0.73 |
| 52w Index | 24.6 % | Qtr Profit Var | -136 % | EPS | 7.88 ₹ | Industry PE | 17.1 |
📊 Chart Patterns: The stock is showing weakness with lower highs and support near ₹300, resistance around ₹340. Trendlines suggest a corrective phase.
📈 Moving Averages: Current price (₹318) is below 200 DMA (₹361) and near 50 DMA (₹320), indicating medium-term weakness with short-term consolidation.
📊 RSI: At 49.3, RSI reflects neutral momentum, leaning slightly bearish.
📉 MACD: Negative at -2.37, confirming bearish crossover and short-term weakness.
📊 Bollinger Bands: Price is near lower band, suggesting oversold conditions but no strong reversal yet.
📊 Volume Trends: Current volume (5,61,408) is significantly below 1-week average (11,84,523), showing reduced participation and weak momentum.
🚀 Momentum Signals: Bearish bias with limited upside unless volume improves.
🎯 Entry Zone: ₹305–₹315 (near support and oversold levels).
🎯 Exit Zone: ₹340–₹355 (resistance zone and 200 DMA).
📌 Trend Status: Reversing from bullish to corrective, currently consolidating with bearish tilt.
Positive
- Book value at ₹136 provides valuation cushion.
- DII holdings increased (+1.36%), showing domestic confidence.
- Dividend yield of 0.79% adds shareholder value.
Limitation
- Quarterly PAT dropped to -₹63 Cr. from ₹166 Cr., showing severe earnings weakness.
- High debt-to-equity ratio (0.73) increases leverage risk.
- PEG ratio (-4.42) reflects negative growth outlook.
Company Negative News
- FII holdings decreased (-0.62%), showing reduced foreign investor confidence.
- Quarterly profit variation (-136%) highlights instability.
Company Positive News
- EPS at ₹7.88 supports earnings visibility despite recent weakness.
- Dividend payout continues, reflecting management commitment to shareholders.
Industry
- Industry PE at 17.1 is much lower than stock PE (35.4), showing premium valuation despite weak fundamentals.
- Sector outlook remains moderate with infrastructure demand but margin pressures persist.
Conclusion
AFCONS is consolidating with bearish signals, trading below long-term averages. Entry near ₹305–₹315 offers limited rebound potential toward ₹340–₹355. Trend is corrective, requiring caution until earnings stabilize and volume participation improves.
This can be standardized into a technical analysis template with sector overlays and peer benchmarking, so you can apply it across multiple infrastructure stocks consistently.