APARINDS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.7

📊 Chart Patterns: APARINDS is trading slightly below its 50 DMA (8,812 ₹) but above its 200 DMA (8,361 ₹), showing mixed signals. Current price (8,767 ₹) is near support at 8,700–8,750 ₹, with resistance around 8,812–9,000 ₹ and major resistance at 11,797 ₹.

📈 Moving Averages: Price above the 200 DMA indicates long-term strength, but failure to hold above the 50 DMA suggests short-term consolidation.

📉 RSI: At 42.1, RSI is neutral-to-weak, suggesting limited momentum but not oversold.

📉 MACD: Negative at -11.1, confirming mild bearish momentum in the short term.

📊 Bollinger Bands: Price is near the mid-to-lower band, indicating consolidation with potential for mean reversion.

📊 Volume Trends: Current volume (36,479) is slightly higher than average weekly volume (34,606), showing steady participation.

📌 Momentum Signals: Short-term bounce possible from 8,700–8,750 ₹ support, but trend remains weak unless price sustains above 8,812–9,000 ₹.

🎯 Entry Zone: 8,700–8,750 ₹ (near support, neutral RSI).

🎯 Exit Zone: 8,812–9,000 ₹ (short-term resistance), extended resistance at 10,500–11,000 ₹.

🔎 Trend Status: Currently consolidating with mild bearish bias. Reversal requires breakout above 9,000–9,200 ₹.

Positive

• Strong ROCE (33.3%) and ROE (19.8%) highlight efficient capital use.
• PEG ratio of 0.74 suggests attractive valuation relative to growth.
• EPS of 232 ₹ supports strong earnings base.
• FII (+0.18%) and DII (+0.85%) holdings increased, showing institutional confidence.

Limitation

• Stock P/E (37.8) is higher than industry PE (30.6), indicating premium valuation.
• Price trading below 50 DMA, showing short-term weakness.
• RSI near neutral levels, limiting strong momentum signals.

Company Negative News

• Quarterly PAT declined slightly (258 Cr. to 254 Cr.).
• Stock has corrected from its 52-week high (11,797 ₹ to 8,767 ₹).

Company Positive News

• Quarterly profit growth (+42.8%) year-on-year shows strong operational performance.
• Institutional investors increased holdings, reflecting confidence in long-term prospects.
• Low debt-to-equity ratio (0.14) ensures financial stability.

Industry

• Industry PE at 30.6 is lower than APARINDS’s P/E, highlighting premium valuation.
• Electrical and industrial sector outlook remains strong with demand growth in infrastructure and power transmission.

Conclusion

⚖️ APARINDS is consolidating near support with mixed momentum signals. Traders may consider entry around 8,700–8,750 ₹ with exit near 8,812–9,000 ₹. Long-term investors can hold for extended targets near 10,500–11,000 ₹, while monitoring RSI and MACD for confirmation of reversal.