ATGL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

Technical Analysis Report

• Trend Status: Consolidating
• Moving Averages: Price (₹626) is slightly below 50 DMA (₹629) and 200 DMA (₹655), indicating neutral to mildly bearish setup
• RSI (51.6): Neutral zone, no strong momentum signal
• MACD (-0.47): Bearish crossover, suggesting short-term weakness
• Bollinger Bands: Price near mid-band, indicating equilibrium with no breakout signal
• Volume: Significantly below average (9.2L vs 30.2L), showing low conviction
• Support Zones: ₹610, ₹580
• Resistance Zones: ₹645, ₹670
• Entry Zone: ₹610–₹625 (near support)
• Exit Zone: ₹645–₹670 (near resistance)

Positive

• ROCE (17.4%) and ROE (16.7%) reflect solid operational efficiency
• PEG ratio of 12.8 suggests high growth expectations
• Debt-to-equity ratio of 0.45 indicates moderate leverage

Limitation

• MACD in negative territory signals short-term bearishness
• Price below both key moving averages limits bullish confirmation
• Volume significantly below average, indicating weak market interest

Company Negative News

• Quarterly PAT remained flat at ₹162 Cr, with no growth
• FII and DII holdings declined slightly (-0.14% and -0.08%)

Company Positive News

• EPS of ₹5.61 supports earnings visibility
• Stock has gained 28.3% from its 52-week low

Industry

• Gas distribution sector remains stable with long-term demand outlook
• Industry P/E of 19.6 suggests ATGL trades at a significant premium

Conclusion

• ATGL is in a consolidation phase with mixed technical signals
• Entry near ₹610–₹625 offers a cautious setup
• Exit near ₹645–₹670 is ideal for short-term gains
• Investors should monitor MACD and volume for confirmation of breakout or reversal