ASTERDM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.7

Technical Analysis Report

• Trend Status: Consolidating
• Moving Averages: Price (₹678) is above both 50 DMA (₹660) and 200 DMA (₹574), indicating bullish alignment
• RSI (48.7): Neutral zone, no strong momentum signal
• MACD (13.5): Positive crossover, suggesting upward momentum
• Bollinger Bands: Price near mid-band, indicating consolidation with breakout potential
• Volume: Above average (8.86L vs 4.14L), showing strong market interest
• Support Zones: ₹660, ₹640
• Resistance Zones: ₹700, ₹732
• Entry Zone: ₹660–₹675 (near support)
• Exit Zone: ₹700–₹732 (near resistance)

Positive

• Price above both key moving averages confirms bullish structure
• MACD crossover supports short-term upward momentum
• ROCE (139%) and ROE (200%) reflect exceptional operational efficiency
• PEG ratio of 0.36 suggests attractive valuation relative to growth
• DII holding increased by 1.04%, indicating domestic institutional confidence

Limitation

• RSI below 50 signals lack of strong momentum
• High P/E (109) implies premium valuation
• Debt-to-equity ratio of 0.53 indicates moderate leverage

Company Negative News

• Quarterly profit variation shows a sharp decline (-98.5%) despite stable PAT figures
• FII holding dropped by 0.92%, reflecting cautious foreign sentiment

Company Positive News

• Quarterly PAT remained stable (₹83.8 Cr vs ₹82.4 Cr)
• Stock has gained 84.2% from its 52-week low

Industry

• Healthcare sector remains resilient with growing demand for private hospital services and medical infrastructure
• Industry P/E of 58.0 suggests ASTERDM trades at a significant premium

Conclusion

• ASTERDM is in a consolidation phase with strong long-term technical indicators
• Entry near ₹660–₹675 offers a tactical opportunity
• Exit near ₹700–₹732 is ideal for short-term gains
• Investors should monitor RSI and volume for signs of breakout or reversal