ATGL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of Adani Total Gas Ltd. (ATGL)

📊 Trend Overview

Current Trend: The stock is in a consolidation phase within a broader downtrend. Price is hovering below key moving averages, indicating indecision and lack of bullish conviction.

Price Action: Trading at ₹607, below both the 50-DMA (₹616) and 200-DMA (₹660), suggesting continued pressure from sellers and a need for confirmation before any trend reversal.

📈 Momentum Indicators

RSI (49.6): Neutral zone. Indicates indecision, with no clear buying or selling strength.

MACD (-3.24): Bearish crossover, confirming short-term weakness and lack of upward momentum.

Volume: Current volume (3.68L) is slightly above the 1-week average (3.62L), showing mild accumulation but not breakout-level enthusiasm.

📉 Volatility & Bands

Bollinger Bands: Price is near the middle band, confirming consolidation. No breakout or breakdown signal yet.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 580 – 600 Near recent swing low and psychological base

Resistance 616 – 660 50-DMA and 200-DMA zone

Breakout Zone 670+ Above this, next target is ₹720 – ₹780

🎯 Entry & Exit Strategy

Optimal Entry: ₹590 – ₹605 (on dips with bullish reversal confirmation)

Exit Zone: ₹640 – ₹670 (partial profit booking); ₹720+ (final resistance)

Stop Loss: ₹575 (below recent support)

🔍 Summary

Trend: Consolidating within a broader downtrend

Momentum: Weak signals from MACD and RSI

Volume: Stable, but not strong

Outlook: Cautiously neutral; watch for breakout above ₹616–₹660 for trend reversal confirmation

Would you like a sector comparison or alerts for breakout signals on ATGL?

Edit in a page