ASAHIINDIA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

Technical Analysis Report

• Trend Status: Trending upward
• Moving Averages: Price (₹930) is above both 50 DMA (₹890) and 200 DMA (₹794), indicating bullish alignment
• RSI (53.4): Mild bullish momentum
• MACD (16.1): Positive crossover, confirming upward momentum
• Bollinger Bands: Price near upper band, suggesting potential short-term resistance
• Volume: Above average (1.23L vs 91K), showing strong market interest
• Support Zones: ₹900, ₹870
• Resistance Zones: ₹945, ₹960
• Entry Zone: ₹900–₹920 (near support)
• Exit Zone: ₹945–₹960 (near resistance)

Positive

• Price above both key moving averages confirms bullish trend
• MACD and RSI support continued upward momentum
• Strong ROE (13.2%) and ROCE (12.0%) reflect healthy profitability
• FII and DII holdings increased (+1.13% and +3.38%), showing institutional confidence

Limitation

• PEG ratio (-491) indicates valuation distortion or unsustainable growth expectations
• High P/E (73.6) suggests overvaluation compared to industry average
• Debt-to-equity ratio of 0.96 reflects elevated leverage

Company Negative News

• Quarterly PAT declined from ₹91.4 Cr to ₹53.4 Cr (-30.2%)

Company Positive News

• Stock has gained 92.2% from its 52-week low
• EPS of ₹15.1 supports earnings visibility

Industry

• Automotive glass and specialty materials sector benefits from rising vehicle production and premiumization
• Industry P/E of 33.4 suggests ASAHIINDIA trades at a significant premium

Conclusion

• ASAHIINDIA is in a bullish trend with strong technical indicators and institutional support
• Entry near ₹900–₹920 offers a tactical opportunity
• Exit near ₹945–₹960 is ideal for short-term gains
• Investors should monitor PEG and debt levels for long-term sustainability