BIKAJI - Technical Analysis

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

Technical Rating: 4.0

Here’s a flavor-packed technical breakdown for BIKAJI Foods 🍘📈

📊 Trend Overview

Current Price: ₹768 — trading above both 50 DMA (₹740) and 200 DMA (₹723)

Confirms bullish trend continuation

52-week Index (50.8%) ➤ solid performance with healthy upward trajectory

📈 Indicator Breakdown

RSI (57.4)

Bullish zone ➤ decent momentum without being overbought

Suggests trend support and room for upside

MACD (9.22)

Strongly positive ➤ implies accelerating bullish momentum

Rising histogram likely in play

Bollinger Bands

Price is around upper-mid band ➤ trend intact, but not overheated

Band width suggests steady volatility expansion

Volume

Below weekly average ➤ may need stronger participation to sustain breakout

Could be profit booking phase, not full reversal

🚀 Short-Term Momentum Signals

Price remains well-supported by both DMAs ➤ strong short-term sentiment

MACD and RSI pointing upward ➤ bullish bias

DII inflows (↑1.16%) support accumulation

FII slightly trimming ➤ not a major concern given domestic support

💰 Entry & Exit Zones

Action Price Range (₹) Rationale

Entry (Pullback Buy) ₹740 - ₹760 Near 50 DMA and trendline support zone

Entry (Breakout Buy) ₹775 - ₹785 On strength above recent resistance

Exit (Partial Booking) ₹820 - ₹850 First resistance cluster from prior highs

Exit (Full Booking) ₹900+ If rally extends — trailing stop recommended

🧩 Valuation & Earnings Highlights

P/E (98.7) vs Industry PE (59.1) ➤ rich valuation

PEG Ratio (2.69) ➤ price premium not fully justified by growth

Low Debt (0.17) ➤ robust fundamentals

Quarterly Profit +1.32% ➤ steady but needs acceleration for breakout support

🧭 Summary

Trend: Bullish, in a steady upward channel

Momentum: Strengthening, backed by technical signals

Pattern: Trending with mild consolidation at higher levels

Technical Rating: 4.0

Craving a visual sketch of support/resistance lines or comparison with competitors like HUL, NESTLE, or DFM Foods? Let’s spice it up a little more.

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