ASHOKLEY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | ASHOKLEY | Market Cap | 96,061 Cr. | Current Price | 164 ₹ | High / Low | 215 ₹ |
| Stock P/E | 26.1 | Book Value | 19.6 ₹ | Dividend Yield | 1.91 % | ROCE | 36.5 % |
| ROE | 31.4 % | Face Value | 1.00 ₹ | DMA 50 | 167 ₹ | DMA 200 | 161 ₹ |
| Chg in FII Hold | 0.16 % | Chg in DII Hold | -0.67 % | PAT Qtr | 1,026 Cr. | PAT Prev Qtr | 801 Cr. |
| RSI | 51.9 | MACD | -2.58 | Volume | 2,30,54,837 | Avg Vol 1Wk | 2,48,31,482 |
| Low price | 115 ₹ | High price | 215 ₹ | PEG Ratio | 0.06 | Debt to equity | 0.12 |
| 52w Index | 48.4 % | Qtr Profit Var | 34.7 % | EPS | 5.80 ₹ | Industry PE | 28.7 |
📊 Chart Patterns: ASHOKLEY is consolidating between ₹160–₹175, with resistance near 50 DMA (₹167) and support around 200 DMA (₹161). Trendlines suggest sideways movement after recent weakness.
📈 Moving Averages: Current price (₹164) is below 50 DMA (₹167) but slightly above 200 DMA (₹161), showing short-term weakness but medium-term support.
📊 RSI: At 51.9, RSI indicates neutral momentum, neither overbought nor oversold.
📉 MACD: Negative at -2.58, confirming bearish crossover and short-term weakness.
📊 Bollinger Bands: Price is mid-band, suggesting consolidation with limited volatility.
📊 Volume Trends: Current volume (2,30,54,837) is slightly below 1-week average (2,48,31,482), showing reduced participation and weak accumulation.
🚀 Momentum Signals: Mild bearish bias, with potential rebound if price sustains above ₹167.
🎯 Entry Zone: ₹160–₹165 (near 200 DMA support).
🎯 Exit Zone: ₹175–₹180 (resistance zone and upper Bollinger band).
📌 Trend Status: Consolidating with weak bullish bias.
Positive
- Strong ROCE (36.5%) and ROE (31.4%) highlight excellent capital efficiency.
- EPS at ₹5.80 supports earnings visibility.
- PEG ratio at 0.06 indicates attractive growth valuation.
- Quarterly PAT improved from ₹801 Cr. to ₹1,026 Cr. (+28%), showing earnings momentum.
Limitation
- Price trading below 50 DMA reflects short-term weakness.
- MACD negative crossover indicates bearish momentum.
- Book value (₹19.6) is relatively low compared to current price.
- DII holdings decreased (-0.67%), showing reduced domestic institutional support.
Company Negative News
- Institutional selling from DIIs signals cautious sentiment.
Company Positive News
- Quarterly profit variation (+34.7%) highlights strong operational performance.
- FII holdings increased (+0.16%), reflecting foreign investor confidence.
- Dividend yield of 1.91% adds shareholder value.
Industry
- Industry PE at 28.7 is slightly higher than ASHOKLEY’s PE (26.1), suggesting fair valuation.
- Auto sector outlook remains resilient with demand recovery supporting growth.
Conclusion
ASHOKLEY is consolidating with mild bullish signals supported by RSI and medium-term support at 200 DMA. Entry near ₹160–₹165 offers limited upside toward ₹175–₹180. Strong fundamentals and attractive valuation support medium-term growth, but short-term weakness and reduced DII participation require cautious accumulation until momentum indicators turn positive.
This can be extended into a auto sector consolidation template with benchmarking overlays, so you can compare ASHOKLEY against peers like TATAMOTORS and EICHERMOT for relative strength.