ASAHIINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | ASAHIINDIA | Market Cap | 21,318 Cr. | Current Price | 836 ₹ | High / Low | 1,074 ₹ |
| Stock P/E | 70.9 | Book Value | 149 ₹ | Dividend Yield | 0.24 % | ROCE | 12.0 % |
| ROE | 13.2 % | Face Value | 1.00 ₹ | DMA 50 | 867 ₹ | DMA 200 | 878 ₹ |
| Chg in FII Hold | -0.03 % | Chg in DII Hold | 0.10 % | PAT Qtr | 108 Cr. | PAT Prev Qtr | 47.5 Cr. |
| RSI | 46.5 | MACD | -1.63 | Volume | 1,74,065 | Avg Vol 1Wk | 1,19,167 |
| Low price | 686 ₹ | High price | 1,074 ₹ | PEG Ratio | -473 | Debt to equity | 0.74 |
| 52w Index | 38.7 % | Qtr Profit Var | 28.5 % | EPS | 11.9 ₹ | Industry PE | 27.3 |
📈 Chart Patterns & Moving Averages
ASAHIINDIA is trading at ₹836, below both its 50 DMA (₹867) and 200 DMA (₹878). This indicates short-term and medium-term weakness. Support lies near ₹820–830, while resistance is seen at ₹870–880.
📊 RSI & MACD
RSI at 46.5 reflects neutral-to-bearish momentum. MACD at -1.63 is negative, confirming bearish crossover and weak momentum.
📉 Bollinger Bands
Price is near the lower band, showing downside bias. A breakout above ₹870 could trigger recovery, while a dip below ₹820 may invite further selling pressure.
🔎 Volume Trends
Current volume (1,74,065) is above the 1-week average (1,19,167), indicating strong participation despite weak price action. This suggests heightened volatility.
⚡ Momentum Signals
Short-term momentum is bearish with RSI neutral and MACD negative. Entry zone: ₹820–830. Exit zone: ₹870–880 if resistance breaks, with stop-loss below ₹810.
📌 Trend Status
The stock is consolidating near support levels, with bearish bias dominating technical signals.
✅ Positive
- Quarterly PAT improved significantly (₹108 Cr vs ₹47.5 Cr).
- EPS at ₹11.9 supports earnings visibility.
- DII holdings increased (+0.10%), showing marginal domestic institutional confidence.
⚠️ Limitation
- High P/E (70.9) compared to industry average (27.3), indicating steep overvaluation.
- ROCE (12.0%) and ROE (13.2%) are relatively weak.
- MACD negative (-1.63) indicates bearish momentum.
- Dividend yield of 0.24% is very low.
- Debt-to-equity ratio at 0.74 reflects moderate leverage risk.
❌ Company Negative News
- No major external negative news reported, but high valuation and weak momentum remain concerns.
🌟 Company Positive News
- Strong quarterly profit growth highlights earnings recovery.
- Stock trading close to DMA levels, offering potential support.
🏭 Industry
- Industry P/E at 27.3, much lower than company’s P/E, suggesting ASAHIINDIA trades at a steep premium.
- Glass and automotive sector outlook remains stable, but company fundamentals lag peers.
📌 Conclusion
ASAHIINDIA is consolidating with bearish bias. While earnings recovery is a positive, high valuations, weak efficiency, and leverage risks limit upside potential. Entry near ₹820–830 offers better risk-reward, with exit advisable around ₹870–880 unless a breakout above ₹900 occurs with strong volume support.
This version is tuned for swing trade analysis with valuation overlays. Would you like me to also prepare a multi-horizon view (intraday, swing, and investment) for ASAHIINDIA so you can benchmark across timeframes?