ASTERDM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | ASTERDM | Market Cap | 36,323 Cr. | Current Price | 701 ₹ | High / Low | 732 ₹ |
| Stock P/E | 111 | Book Value | 84.3 ₹ | Dividend Yield | 0.71 % | ROCE | 10.8 % |
| ROE | 8.94 % | Face Value | 10.0 ₹ | DMA 50 | 663 ₹ | DMA 200 | 621 ₹ |
| Chg in FII Hold | -1.28 % | Chg in DII Hold | 1.45 % | PAT Qtr | 85.3 Cr. | PAT Prev Qtr | 58.9 Cr. |
| RSI | 58.3 | MACD | 13.7 | Volume | 5,40,117 | Avg Vol 1Wk | 11,01,332 |
| Low price | 497 ₹ | High price | 732 ₹ | PEG Ratio | 4.69 | Debt to equity | 0.31 |
| 52w Index | 86.8 % | Qtr Profit Var | 3.43 % | EPS | 5.17 ₹ | Industry PE | 47.1 |
📈 Chart Patterns & Moving Averages
ASTERDM is trading at ₹701, above both its 50 DMA (₹663) and 200 DMA (₹621). This indicates short-term strength and medium-term support. Key support lies near ₹680–690, while resistance is seen at ₹720–732.
📊 RSI & MACD
RSI at 58.3 reflects bullish momentum, but not yet overbought. MACD at 13.7 is positive, confirming bullish crossover strength.
📉 Bollinger Bands
Price is near the upper band, showing bullish bias with potential volatility. Sustained movement above ₹720 could trigger a breakout, while a dip below ₹680 may invite selling pressure.
🔎 Volume Trends
Current volume (5,40,117) is below the 1-week average (11,01,332), indicating weaker participation. Stronger volume is required to confirm breakout strength.
⚡ Momentum Signals
Short-term momentum is bullish with RSI and MACD aligned positively. Entry zone: ₹680–690. Exit zone: ₹720–732 if resistance breaks, with stop-loss below ₹670.
📌 Trend Status
The stock is trending upward with bullish bias, but volume weakness limits conviction.
✅ Positive
- EPS at ₹5.17 supports earnings visibility.
- DII holdings increased (+1.45%), showing domestic institutional confidence.
- Quarterly PAT improved (₹85.3 Cr vs ₹58.9 Cr).
- Trading above both 50 DMA and 200 DMA confirms bullish technical strength.
⚠️ Limitation
- High P/E (111) compared to industry average (47.1), suggesting steep overvaluation.
- ROCE (10.8%) and ROE (8.94%) are modest, reflecting weak capital efficiency.
- PEG ratio at 4.69 indicates expensive growth prospects.
- Volume participation below average limits breakout potential.
❌ Company Negative News
- FII holdings decreased (-1.28%), showing reduced foreign investor confidence.
🌟 Company Positive News
- Quarterly profit variation (+3.43%) highlights earnings improvement.
- Strong domestic institutional inflows support sentiment.
🏭 Industry
- Industry P/E at 47.1 is much lower than ASTERDM’s P/E (111), suggesting premium valuation.
- Healthcare sector outlook remains positive with demand-driven growth.
📌 Conclusion
ASTERDM is trending upward with bullish technical signals but faces valuation challenges and weak volume participation. Entry near ₹680–690 offers favorable risk-reward, while profit booking is advised around ₹720–732 unless breakout occurs above ₹732 with strong volume. Suitable for swing trades, but long-term investors should be cautious due to stretched valuations and modest efficiency metrics.
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 ASTERDM so you can benchmark across timeframes?