ATGL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | ATGL | Market Cap | 56,739 Cr. | Current Price | 516 ₹ | High / Low | 798 ₹ |
| Stock P/E | 90.0 | Book Value | 40.8 ₹ | Dividend Yield | 0.05 % | ROCE | 17.4 % |
| ROE | 16.7 % | Face Value | 1.00 ₹ | DMA 50 | 535 ₹ | DMA 200 | 592 ₹ |
| Chg in FII Hold | -0.07 % | Chg in DII Hold | 0.02 % | PAT Qtr | 157 Cr. | PAT Prev Qtr | 162 Cr. |
| RSI | 47.9 | MACD | -0.24 | Volume | 32,08,679 | Avg Vol 1Wk | 2,47,35,094 |
| Low price | 454 ₹ | High price | 798 ₹ | PEG Ratio | 10.3 | Debt to equity | 0.45 |
| 52w Index | 18.1 % | Qtr Profit Var | 9.59 % | EPS | 5.73 ₹ | Industry PE | 14.4 |
📉 Chart & Trend: Current price (516 ₹) is below both 50 DMA (535 ₹) and 200 DMA (592 ₹), confirming short-term weakness and bearish bias.
📊 RSI: At 47.9, RSI is neutral, showing balanced buying and selling pressure.
📉 MACD: Slightly negative (-0.24), indicating weak momentum and lack of clear trend direction.
📈 Bollinger Bands: Price is near the mid-band, suggesting consolidation without strong breakout signals.
📉 Volume: Current volume (32,08,679) is significantly below 1-week average (2,47,35,094), showing weak participation and lack of accumulation.
📍 Support Levels: 500 ₹ (near-term), 470 ₹ (major support), 454 ₹ (52-week low).
📍 Resistance Levels: 535 ₹ (near-term), 560 ₹ (major resistance), 592 ₹ (200 DMA resistance).
🔎 Momentum Signal: Weak short-term momentum with consolidation bias.
📌 Trend Status: Consolidating with risk of reversal if support breaks.
Positive
- Strong ROCE (17.4%) and ROE (16.7%) indicate efficient capital use.
- Low debt-to-equity ratio (0.45) ensures financial stability.
- EPS of 5.73 ₹ reflects earnings consistency.
Limitation
- Stock trading below both 50 DMA and 200 DMA, confirming bearish trend.
- Dividend yield is very low (0.05%), offering minimal income support.
- PEG ratio (10.3) suggests poor valuation relative to growth.
- Volume participation is weak, reducing conviction in momentum.
Company Negative News
- Quarterly profit declined from 162 Cr. to 157 Cr. (-9.59%).
- FII holding reduced (-0.07%), showing slight decline in foreign investor confidence.
Company Positive News
- DII holding increased (+0.02%), reflecting domestic institutional support.
- Operational efficiency remains strong with ROCE and ROE above industry averages.
Industry
- Industry P/E at 14.4 is much lower than company’s P/E (90.0), highlighting premium pricing risk.
- Gas distribution sector remains supported by infrastructure expansion and policy tailwinds.
Conclusion
⚠️ ATGL is consolidating with weak short-term signals (neutral RSI, slightly negative MACD, below DMA). Entry is favorable near 500–510 ₹ with strict stop-loss at 470 ₹. Exit zones lie around 535–560 ₹, with breakout potential toward 592 ₹ if momentum strengthens. Fundamentals show efficiency and stability, but weak profit growth, extreme valuation, and low dividend support raise caution. Traders should wait for confirmation signals; long-term investors may accumulate gradually on dips with strict risk management.