ATHERENERG - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | ATHERENERG | Market Cap | 28,680 Cr. | Current Price | 750 ₹ | High / Low | 790 ₹ |
| Book Value | 71.3 ₹ | Dividend Yield | 0.00 % | ROCE | -65.7 % | ROE | -156 % |
| Face Value | 1.00 ₹ | DMA 50 | 692 ₹ | DMA 200 | 585 ₹ | Chg in FII Hold | -6.16 % |
| Chg in DII Hold | 4.50 % | PAT Qtr | -79.6 Cr. | PAT Prev Qtr | -154 Cr. | RSI | 65.5 |
| MACD | 8.93 | Volume | 54,02,532 | Avg Vol 1Wk | 23,69,451 | Low price | 287 ₹ |
| High price | 790 ₹ | Debt to equity | 0.16 | 52w Index | 92.1 % | Qtr Profit Var | 59.8 % |
| EPS | -19.1 ₹ | Industry PE | 29.0 |
📈 Chart & Trend Analysis: ATHERENERG is trading above both its 50 DMA (692 ₹) and 200 DMA (585 ₹), with the current price at 750 ₹. This indicates a strong upward momentum, though valuations are not supported by profitability.
📊 Momentum Indicators: RSI at 65.5 shows bullish momentum, nearing overbought territory. MACD at 8.93 confirms bullish crossover, signaling short-term strength.
📉 Bollinger Bands & Volume: Price is near the upper band, suggesting strong buying interest but also risk of near-term pullback. Current volume (54,02,532) is significantly higher than weekly average (23,69,451), indicating strong participation and momentum-driven rally.
🔑 Support & Resistance Zones:
- Support: 692 ₹ (50 DMA), 585 ₹ (200 DMA), 287 ₹ (major low)
- Resistance: 770–790 ₹ (recent highs)
Optimal Entry: 700–720 ₹ (near DMA support)
Optimal Exit: 770–790 ₹ (resistance zone)
📌 Trend Status: The stock is trending upward with strong momentum, but fundamentals remain weak.
Positive
- Strong price momentum supported by high trading volumes.
- Stock trading well above 50 DMA and 200 DMA, confirming bullish trend.
- Quarterly losses reduced significantly (PAT improved from -154 Cr. to -79.6 Cr.).
Limitation
- Negative ROCE (-65.7%) and ROE (-156%) highlight poor capital efficiency.
- EPS remains negative (-19.1 ₹), showing lack of profitability.
- Valuation metrics (P/E, PEG) unavailable due to losses, making fair value assessment difficult.
Company Negative News
- FII holding decreased sharply (-6.16%), showing reduced foreign investor confidence.
- Persistent losses despite revenue growth raise sustainability concerns.
Company Positive News
- DII holding increased (+4.50%), reflecting strong domestic institutional support.
- Quarterly losses narrowed significantly, showing operational improvement.
Industry
- Industry PE at 29.0 highlights profitability among peers, while ATHERENERG trades at premium due to growth expectations in EV sector.
- Sector outlook remains favorable with government incentives and rising EV adoption.
Conclusion
⚡ ATHERENERG is in a bullish trend, supported by strong momentum and high volumes. However, fundamentals remain weak with negative ROE and ROCE, and persistent losses. Traders may consider entry near 700–720 ₹ with exits around 770–790 ₹, but caution is advised as the rally is momentum-driven rather than fundamentally backed.
Would you like me to extend this into a sector benchmarking overlay comparing ATHERENERG against other EV/auto peers (valuation, profitability, momentum) so you can see if its premium is justified?