ASTRAZEN - Technical Analysis with Chart Patterns & Indicators
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Technical Rating: 4.3
| Stock Code | ASTRAZEN | Market Cap | 21,586 Cr. | Current Price | 8,655 ₹ | High / Low | 10,691 ₹ |
| Stock P/E | 113 | Book Value | 349 ₹ | Dividend Yield | 0.37 % | ROCE | 29.3 % |
| ROE | 23.3 % | Face Value | 2.00 ₹ | DMA 50 | 8,494 ₹ | DMA 200 | 8,562 ₹ |
| Chg in FII Hold | 0.07 % | Chg in DII Hold | 0.24 % | PAT Qtr | 45.7 Cr. | PAT Prev Qtr | 31.6 Cr. |
| RSI | 53.9 | MACD | 98.5 | Volume | 83,243 | Avg Vol 1Wk | 25,513 |
| Low price | 7,552 ₹ | High price | 10,691 ₹ | PEG Ratio | 7.58 | Debt to equity | 0.13 |
| 52w Index | 35.2 % | Qtr Profit Var | -26.6 % | EPS | 75.0 ₹ | Industry PE | 31.6 |
- 📈 Chart Patterns: The stock is showing mild recovery from recent lows, with resistance near 8,900 ₹ and support around 8,450 ₹. Trendlines suggest sideways consolidation with upward bias.
- 📊 Moving Averages: Current price (8,655 ₹) is above 50 DMA (8,494 ₹) and 200 DMA (8,562 ₹), indicating short-term strength but limited long-term breakout.
- 📉 RSI: At 53.9, RSI is neutral, suggesting neither overbought nor oversold conditions.
- 📈 MACD: Strong positive MACD (98.5) signals bullish momentum, though it may be overextended.
- 📊 Bollinger Bands: Price is trading near the mid-band, showing consolidation with potential volatility expansion.
- 📊 Volume Trends: Current volume (83,243) is significantly higher than average (25,513), indicating strong participation and possible accumulation.
- 📌 Momentum Signals: Short-term bullish momentum with entry zone around 8,450–8,550 ₹ and exit zone near 9,200–9,400 ₹.
- 🔄 Trend Status: Consolidating with bullish bias.
Positive
Strong MACD momentum and volume surge indicate accumulation.
Price above both 50 DMA and 200 DMA supports bullish undertone.
Limitation
RSI is neutral, limiting immediate upside.
PEG ratio (7.58) suggests overvaluation risk.
Company Negative News
Quarterly profit variation (-26.6%) raises concerns about earnings consistency.
Company Positive News
PAT improved to 45.7 Cr. from 31.6 Cr., showing sequential recovery.
Industry
Industry PE at 31.6 indicates sector is moderately valued compared to ASTRAZEN’s high P/E (113).
Conclusion
ASTRAZEN is consolidating with bullish bias supported by strong MACD and volume. Entry near 8,450–8,550 ₹ offers favorable risk-reward, with exit targets around 9,200–9,400 ₹. However, high valuation and profit volatility remain key risks.
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