ASAHIINDIA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

📊 Chart Patterns: ASAHIINDIA is trading above both its 50 DMA (974 ₹) and 200 DMA (852 ₹), reflecting strong medium- to long-term momentum. Current price (994 ₹) is near support at 974–985 ₹, with resistance around 1,030–1,074 ₹.

📈 Moving Averages: Price above both averages indicates bullish bias. Sustained move above 1,030–1,074 ₹ could trigger further upside.

📉 RSI: At 45.3, RSI is neutral, suggesting balanced momentum without strong overbought or oversold signals.

📈 MACD: Positive at 4.36, confirming bullish momentum and potential continuation of the uptrend.

📊 Bollinger Bands: Price is near the mid-band, indicating consolidation with potential breakout toward the upper band.

📊 Volume Trends: Current volume (1,44,396) is higher than average weekly volume (85,612), showing strong participation and accumulation interest.

📌 Momentum Signals: Short-term bounce possible from 974–985 ₹ support, with upside potential if price sustains above 1,030 ₹.

🎯 Entry Zone: 974–994 ₹ (near support, strong volume activity).

🎯 Exit Zone: 1,030–1,074 ₹ (short-term resistance).

🔎 Trend Status: Currently trending upward with consolidation. Breakout above 1,074 ₹ could extend rally toward new highs.

Positive

• Strong institutional support with FII (+1.13%) and DII (+3.38%) holdings increasing.
• EPS of 13.1 ₹ supports earnings base.
• Price trading above both 50 DMA and 200 DMA, showing bullish momentum.

Limitation

• High P/E ratio (91.6) compared to industry PE (30.0), indicating expensive valuation.
• Debt-to-equity ratio of 0.74 shows moderate leverage.
• PEG ratio (-611) suggests poor valuation relative to growth.

Company Negative News

• Quarterly PAT declined (53.4 Cr. to 47.5 Cr.), showing earnings pressure.
• Quarterly profit variation (-48.8%) highlights weak profitability momentum.

Company Positive News

• Institutional investors increased holdings, reflecting confidence in long-term prospects.
• Stock trading near 52-week high (1,074 ₹), showing strong investor sentiment.

Industry

• Industry PE at 30.0 is much lower than ASAHIINDIA’s P/E, highlighting premium valuation.
• Glass and automotive sector outlook remains positive with demand growth in infrastructure and vehicles.

Conclusion

⚖️ ASAHIINDIA is trending upward with strong institutional support and bullish technical signals. Traders may consider entry around 974–994 ₹ with exit near 1,030–1,074 ₹. Long-term investors should be cautious of high valuations and weak profitability, waiting for sustained breakout above 1,074 ₹ for extended gains.