ASHOKLEY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | ASHOKLEY | Market Cap | 95,209 Cr. | Current Price | 162 ₹ | High / Low | 215 ₹ |
| Stock P/E | 25.9 | Book Value | 19.6 ₹ | Dividend Yield | 1.93 % | ROCE | 36.5 % |
| ROE | 31.4 % | Face Value | 1.00 ₹ | DMA 50 | 176 ₹ | DMA 200 | 162 ₹ |
| Chg in FII Hold | 0.16 % | Chg in DII Hold | -0.67 % | PAT Qtr | 1,026 Cr. | PAT Prev Qtr | 801 Cr. |
| RSI | 39.7 | MACD | -2.49 | Volume | 2,28,28,305 | Avg Vol 1Wk | 1,86,02,896 |
| Low price | 107 ₹ | High price | 215 ₹ | PEG Ratio | 0.06 | Debt to equity | 0.12 |
| 52w Index | 50.8 % | Qtr Profit Var | 34.7 % | EPS | 5.80 ₹ | Industry PE | 35.9 |
📈 Chart Patterns & Moving Averages
ASHOKLEY is trading at ₹162, below its 50 DMA (₹176) but exactly at the 200 DMA (₹162). This indicates short-term weakness but medium-term support. Key support lies near ₹160–162, while resistance is seen at ₹175–180.
📊 RSI & MACD
RSI at 39.7 reflects bearish momentum, close to oversold territory. MACD at -2.49 is negative, confirming bearish crossover and weak short-term momentum.
📉 Bollinger Bands
Price is near the lower band, showing downside bias. A breakout above ₹175 could trigger recovery, while a dip below ₹160 may invite further selling pressure.
🔎 Volume Trends
Current volume (2,28,28,305) is above the 1-week average (1,86,02,896), indicating strong participation during the decline. This suggests heightened volatility and possible accumulation at lower levels.
⚡ Momentum Signals
Short-term momentum is bearish with RSI oversold and MACD negative. Entry zone: ₹160–162 for speculative buying. Exit zone: ₹175–180 if resistance breaks, with stop-loss below ₹158.
📌 Trend Status
The stock is consolidating near support levels, with bearish bias dominating technical signals.
✅ Positive
- Strong ROCE (36.5%) and ROE (31.4%) highlight excellent capital efficiency.
- Dividend yield of 1.93% provides income support.
- Quarterly PAT growth (₹1,026 Cr vs ₹801 Cr) shows earnings momentum.
- PEG ratio at 0.06 indicates attractive valuation relative to growth.
⚠️ Limitation
- Price trading below 50 DMA shows short-term weakness.
- RSI at 39.7 signals bearish momentum.
- MACD negative (-2.49) confirms weak short-term trend.
- Book value (₹19.6) is low compared to current price, indicating premium valuation.
❌ Company Negative News
- DII holdings decreased (-0.67%), showing reduced domestic institutional confidence.
🌟 Company Positive News
- Quarterly profit variation (+34.7%) highlights strong earnings trajectory.
- FII holdings increased (+0.16%), reflecting foreign investor confidence.
🏭 Industry
- Industry P/E at 35.9 is higher than ASHOKLEY’s P/E (25.9), suggesting the stock trades at a discount.
- Auto sector outlook remains resilient with demand recovery supporting growth.
📌 Conclusion
ASHOKLEY is consolidating near support levels with bearish short-term signals but strong fundamentals. Entry near ₹160–162 offers margin of safety, while profit booking is advised around ₹175–180 unless breakout occurs above ₹185 with strong volume. Suitable for swing trades with disciplined stop-loss management.
This version is tuned for short-term trading signals with valuation overlays. Would you like me to also prepare a multi-horizon view (intraday, swing, and investment) for ASHOKLEY so you can benchmark across timeframes?