ATGL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.9

📊 Technical Overview of Adani Total Gas Ltd. (ATGL)

📉 Trend Analysis

Current Price: ₹629

50 DMA: ₹649

200 DMA: ₹683

Trend Status: The stock is in a reversal phase, trading below both moving averages. This reflects short-term bearishness within a broader downtrend.

📉 Momentum Indicators

RSI (39.8): Below neutral, indicating weak momentum. Approaching oversold territory, but not yet a reversal signal.

MACD (-6.20): Negative and diverging, confirming bearish momentum.

Volume: At 7.1L, above 1-week average of 5.7L. Suggests active trading, likely driven by selling pressure.

📊 Bollinger Bands

Price likely near the lower band, consistent with weak RSI and MACD.

This setup may precede a technical bounce, but confirmation is needed via volume and RSI recovery.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 649 Resistance

200 DMA 683 Strong Resistance

Current Price 629 Below both DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 610–620 Near-term support zone

Support 2 540–550 52-week low zone

Resistance 1 650–660 50 DMA zone

Resistance 2 680–690 200 DMA and trendline resistance

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹610–₹620 (if RSI stabilizes and MACD flattens)

Exit Zone (Short-Term): ₹650–₹660 (initial resistance), ₹680–₹690 (if reversal confirms)

Stop Loss: ₹540 (below 52-week low)

📌 Summary

Trend: Reversing downward

Momentum: Bearish and oversold

Volume: Elevated, but likely driven by selling

Setup: High-risk zone; wait for bullish divergence or MACD crossover before entry

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