AFCONS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | AFCONS | Market Cap | 12,494 Cr. | Current Price | 340 ₹ | High / Low | 479 ₹ |
| Stock P/E | 21.2 | Book Value | 134 ₹ | Dividend Yield | 0.74 % | ROCE | 22.5 % |
| ROE | 14.9 % | Face Value | 10.0 ₹ | DMA 50 | 316 ₹ | DMA 200 | 369 ₹ |
| Chg in FII Hold | -0.62 % | Chg in DII Hold | 1.36 % | PAT Qtr | 166 Cr. | PAT Prev Qtr | 112 Cr. |
| RSI | 60.9 | MACD | 9.10 | Volume | 13,68,226 | Avg Vol 1Wk | 10,31,174 |
| Low price | 266 ₹ | High price | 479 ₹ | PEG Ratio | 0.69 | Debt to equity | 0.73 |
| 52w Index | 34.6 % | Qtr Profit Var | -0.17 % | EPS | 14.4 ₹ | Industry PE | 18.5 |
📈 Chart Patterns & Moving Averages
AFCONS is trading at ₹340, above its 50 DMA (₹316) but below the 200 DMA (₹369). This suggests short-term bullishness but medium-term resistance. Support lies near ₹316, while resistance is seen at ₹370–380.
📊 RSI & MACD
RSI at 60.9 indicates moderate bullish momentum, close to overbought territory. MACD at 9.10 is strongly positive, confirming bullish crossover strength.
📉 Bollinger Bands
Price is near the upper band, reflecting bullish bias with potential volatility. Sustained movement above ₹370 could trigger a breakout, while failure to hold above ₹316 may invite selling pressure.
🔎 Volume Trends
Current volume (13,68,226) is higher than the 1-week average (10,31,174), showing strong participation and confirming momentum strength.
⚡ Momentum Signals
Short-term momentum is bullish with RSI and MACD aligned positively. Entry zone: ₹325–335. Exit zone: ₹370–380 if resistance breaks, with stop-loss below ₹315.
📌 Trend Status
The stock is trending upward with bullish bias, but faces medium-term resistance near the 200 DMA.
✅ Positive
- Strong ROCE (22.5%) and ROE (14.9%) indicate efficient capital use.
- EPS of ₹14.4 supports valuation strength.
- DII holdings increased (+1.36%), showing domestic institutional confidence.
- Low PEG ratio (0.69) suggests reasonable growth valuation.
⚠️ Limitation
- Debt-to-equity ratio of 0.73 is moderately high.
- Quarterly profit variation (-0.17%) indicates inconsistency in earnings growth.
- FII holdings decreased (-0.62%), showing reduced foreign interest.
❌ Company Negative News
- Profit variation remains negative despite revenue growth, raising concerns about earnings stability.
🌟 Company Positive News
- PAT increased significantly from ₹112 Cr. to ₹166 Cr.
- MACD strongly positive (9.10), confirming bullish momentum.
🏭 Industry
- Industry P/E at 18.5 is lower than AFCONS’ P/E (21.2), suggesting slight premium valuation.
- Sector outlook remains stable with infrastructure demand supporting growth.
📌 Conclusion
AFCONS is trending upward with strong fundamentals and bullish technical signals. Entry near ₹325–335 offers favorable risk-reward, while profit booking is advised around ₹370–380 unless a breakout occurs with strong volume. Risk management is essential given debt levels and inconsistent profit variation.
This version is tuned for swing trade analysis. Would you like me to also prepare a long-term investment outlook with valuation overlays and holding period guidance for AFCONS?