ASAHIINDIA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | ASAHIINDIA | Market Cap | 23,318 Cr. | Current Price | 915 ₹ | High / Low | 1,074 ₹ |
| Stock P/E | 77.6 | Book Value | 149 ₹ | Dividend Yield | 0.22 % | ROCE | 12.0 % |
| ROE | 13.2 % | Face Value | 1.00 ₹ | DMA 50 | 856 ₹ | DMA 200 | 872 ₹ |
| Chg in FII Hold | -0.03 % | Chg in DII Hold | 0.10 % | PAT Qtr | 108 Cr. | PAT Prev Qtr | 47.5 Cr. |
| RSI | 68.5 | MACD | 8.91 | Volume | 11,40,297 | Avg Vol 1Wk | 3,36,686 |
| Low price | 688 ₹ | High price | 1,074 ₹ | PEG Ratio | -517 | Debt to equity | 0.74 |
| 52w Index | 58.7 % | Qtr Profit Var | 28.5 % | EPS | 11.9 ₹ | Industry PE | 28.1 |
📊 Chart Patterns: ASAHIINDIA is trending upward with resistance near ₹940–₹960 and support around ₹880–₹900. Trendlines suggest bullish continuation after a strong rebound from support zones.
📈 Moving Averages: Current price (₹915) is above both 50 DMA (₹856) and 200 DMA (₹872), confirming bullish alignment.
📊 RSI: At 68.5, RSI indicates strong momentum, approaching overbought territory.
📉 MACD: Positive at 8.91, confirming bullish crossover and short-term upward bias.
📊 Bollinger Bands: Price is near upper band, suggesting strong momentum with potential volatility expansion.
📊 Volume Trends: Current volume (11,40,297) is significantly above 1-week average (3,36,686), showing strong participation and accumulation.
🚀 Momentum Signals: Bullish bias with potential breakout if price sustains above ₹940.
🎯 Entry Zone: ₹890–₹910 (near DMA support).
🎯 Exit Zone: ₹940–₹960 (resistance zone and upper Bollinger band).
📌 Trend Status: Trending upward with strong bullish bias.
Positive
- Quarterly PAT surged (₹108 Cr. vs ₹47.5 Cr.), showing strong earnings growth.
- EPS at ₹11.9 supports earnings visibility.
- DII holdings increased (+0.10%), reflecting domestic institutional confidence.
- Price trading above both 50 DMA and 200 DMA confirms bullish structure.
Limitation
- High P/E (77.6) compared to industry PE (28.1) suggests steep valuation.
- Debt-to-equity ratio of 0.74 indicates significant leverage risk.
- PEG ratio (-517) reflects poor growth valuation metrics.
- RSI nearing overbought territory may limit upside in the short term.
Company Negative News 📉
- FII holdings decreased (-0.03%), showing reduced foreign investor confidence.
Company Positive News 📈
- Quarterly profit variation (+28.5%) highlights strong earnings momentum.
- Stock trading near 52-week high (₹1,074) reflects strong investor sentiment.
Industry 🌐
- Industry PE at 28.1 reflects moderate sector valuation.
- Glass and automotive sector benefiting from infrastructure and auto demand growth.
Conclusion 📝
ASAHIINDIA is trending upward with bullish signals supported by RSI, MACD, and strong volume participation. Entry near ₹890–₹910 offers favorable risk-reward, with exit targets around ₹940–₹960. While fundamentals show strong earnings momentum, high valuation and leverage risks require cautious optimism for fresh entries.
This can be extended into a glass sector breakout template with benchmarking overlays, so you can compare ASAHIINDIA against peers like SAINTGOBAIN and BOROSIL for relative strength.