ASTERDM - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | ASTERDM | Market Cap | 38,378 Cr. | Current Price | 741 ₹ | High / Low | 777 ₹ |
| Stock P/E | 117 | Book Value | 84.3 ₹ | Dividend Yield | 0.67 % | ROCE | 10.8 % |
| ROE | 8.94 % | Face Value | 10.0 ₹ | DMA 50 | 706 ₹ | DMA 200 | 642 ₹ |
| Chg in FII Hold | -1.28 % | Chg in DII Hold | 1.45 % | PAT Qtr | 85.3 Cr. | PAT Prev Qtr | 58.9 Cr. |
| RSI | 54.5 | MACD | 16.0 | Volume | 3,32,384 | Avg Vol 1Wk | 4,88,166 |
| Low price | 519 ₹ | High price | 777 ₹ | PEG Ratio | 4.95 | Debt to equity | 0.31 |
| 52w Index | 86.2 % | Qtr Profit Var | 3.43 % | EPS | 5.17 ₹ | Industry PE | 47.0 |
📊 Chart Patterns: ASTERDM is trending upward with resistance near ₹760–₹770 and support around ₹720–₹730. Trendlines suggest bullish continuation but facing resistance at recent highs.
📈 Moving Averages: Current price (₹741) is above both 50 DMA (₹706) and 200 DMA (₹642), confirming bullish alignment.
📊 RSI: At 54.5, RSI indicates neutral-to-positive momentum, not yet overbought.
📉 MACD: Positive at 16.0, confirming bullish crossover and short-term upward bias.
📊 Bollinger Bands: Price is mid-to-upper band, suggesting potential expansion toward ₹770.
📊 Volume Trends: Current volume (3,32,384) is below 1-week average (4,88,166), showing reduced participation despite bullish signals.
🚀 Momentum Signals: Bullish bias with potential breakout if price sustains above ₹760.
🎯 Entry Zone: ₹720–₹735 (near DMA support).
🎯 Exit Zone: ₹760–₹770 (resistance zone and upper Bollinger band).
📌 Trend Status: Trending upward with consolidation near resistance.
Positive
- Price trading above both 50 DMA and 200 DMA confirms bullish structure.
- EPS at ₹5.17 supports earnings visibility.
- DII holdings increased (+1.45%), showing strong domestic institutional support.
- Quarterly PAT improved (₹85.3 Cr. vs ₹58.9 Cr.), highlighting earnings growth.
Limitation
- High P/E (117) compared to industry PE (47.0) suggests steep valuation.
- PEG ratio (4.95) indicates expensive growth prospects.
- Volume below average, limiting breakout conviction.
- ROCE (10.8%) and ROE (8.94%) remain modest compared to valuation multiples.
Company Negative News
- FII holdings decreased (-1.28%), showing reduced foreign investor confidence.
Company Positive News
- Quarterly profit variation (+3.43%) highlights operational improvement.
- Dividend yield of 0.67% adds shareholder value.
Industry
- Industry PE at 47.0 is much lower than ASTERDM’s PE (117), highlighting premium valuation.
- Healthcare sector outlook remains robust with consistent demand drivers.
Conclusion
ASTERDM is trending upward with bullish signals supported by RSI, MACD, and price action above both 50 DMA and 200 DMA. Entry near ₹720–₹735 offers favorable risk-reward, with exit targets around ₹760–₹770. Strong fundamentals and institutional support drive optimism, but premium valuation and reduced foreign participation suggest cautious accumulation near resistance levels.
This can be extended into a healthcare sector consolidation template with benchmarking overlays, so you can compare ASTERDM against peers like APOLLOHOSP and FORTIS for relative strength.