ATUL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | ATUL | Market Cap | 20,616 Cr. | Current Price | 7,006 ₹ | High / Low | 7,793 ₹ |
| Stock P/E | 34.6 | Book Value | 2,057 ₹ | Dividend Yield | 0.43 % | ROCE | 13.2 % |
| ROE | 10.3 % | Face Value | 10.0 ₹ | DMA 50 | 6,732 ₹ | DMA 200 | 6,456 ₹ |
| Chg in FII Hold | 0.05 % | Chg in DII Hold | 0.48 % | PAT Qtr | 204 Cr. | PAT Prev Qtr | 121 Cr. |
| RSI | 56.0 | MACD | 103 | Volume | 12,064 | Avg Vol 1Wk | 17,760 |
| Low price | 5,560 ₹ | High price | 7,793 ₹ | PEG Ratio | 23.0 | Debt to equity | 0.00 |
| 52w Index | 64.8 % | Qtr Profit Var | 62.2 % | EPS | 202 ₹ | Industry PE | 29.6 |
- 📈 Chart Patterns: ATUL is trading near 7,006 ₹, showing recovery momentum after testing highs of 7,793 ₹. Support lies around 6,700–6,800 ₹, resistance near 7,300–7,400 ₹. Trendlines suggest a bullish continuation phase.
- 📊 Moving Averages: Price is above both 50 DMA (6,732 ₹) and 200 DMA (6,456 ₹), confirming medium-term strength.
- 📉 RSI: At 56.0, RSI is moderately bullish, not yet overbought.
- 📈 MACD: Positive (103), confirming strong bullish divergence and momentum.
- 📊 Bollinger Bands: Price is near the upper band, indicating volatility expansion and bullish bias.
- 📊 Volume Trends: Current volume (12,064) is below weekly average (17,760), showing reduced participation despite price strength.
- 📌 Momentum Signals: Entry zone around 6,700–6,800 ₹; exit zone near 7,300–7,400 ₹.
- 🔄 Trend Status: Trending with bullish bias.
Positive
- Debt-free balance sheet (Debt-to-equity 0.00).
- EPS of 202 ₹ reflects strong earnings power.
- PAT surged 62.2% (204 Cr. vs 121 Cr.).
- Price above both 50 DMA and 200 DMA confirms bullish structure.
Limitation
- P/E of 34.6 vs industry average of 29.6 suggests mild overvaluation.
- PEG ratio of 23.0 highlights expensive growth prospects.
- Volume participation is weak compared to average, limiting conviction.
Company Negative News
- Valuation stretched relative to peers.
- Moderate ROCE (13.2%) and ROE (10.3%) compared to industry leaders.
Company Positive News
- Strong quarterly profit growth (+62.2%).
- Stable institutional holding with slight increase in DII (+0.48%).
- Dividend yield of 0.43% provides steady shareholder return.
Industry
- Industry P/E at 29.6 highlights sector valuation gap.
- Chemicals sector remains cyclical but supported by export demand.
Conclusion
ATUL shows strong technical momentum with price above key moving averages and bullish MACD confirmation. Fundamentals are solid, but valuations are stretched. Best suited for swing trades with entry near 6,700–6,800 ₹ and exit near 7,300–7,400 ₹, while maintaining strict stop-loss discipline.
Would you like me to extend this into a sector overlay comparison to benchmark ATUL against chemical peers, or refine it into a swing trade outlook with medium-term targets?