BIKAJI - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

Here’s a detailed technical analysis of BIKAJI (Bikaji Foods International Ltd)

📊 Trend Overview

Current Status: Consolidating

Price Action: Trading above both 50-DMA and 200-DMA, but momentum indicators and volume trends suggest indecision.

52-week Index: 53.3% — moderate performance, well off highs.

📈 Moving Averages

DMA 50: ₹766

DMA 200: ₹737

Current Price: ₹780

✅ Price is above both moving averages, indicating a bullish bias. However, the gap is narrow, suggesting consolidation rather than strong trending behavior.

📉 Momentum Indicators

RSI (14-day): 49.9 — Neutral zone, indicating lack of strong momentum.

MACD: +6.27 — Bullish crossover, but not aggressive. Signals mild upward bias.

Volume: 1.46 lakh vs 1-week avg of 1.92 lakh — Below average, showing weak participation and limited conviction.

📊 Bollinger Bands

Price is near the middle band, suggesting low volatility and range-bound movement. No breakout or breakdown signal currently.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 766 50-DMA, immediate support

Support 2 737 200-DMA, stronger support

Resistance 1 800 Minor resistance zone

Resistance 2 850 Previous swing high

Resistance 3 900–950 Medium-term target if momentum improves

🎯 Entry & Exit Zones

Optimal Entry: ₹765–₹775 range on pullback with volume confirmation.

Exit Zone: ₹800–₹850 for short-term traders; ₹900+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD mildly bullish, RSI neutral, and volume below average suggest consolidation.

Price action above moving averages is constructive, but lack of momentum and volume limits upside.

Watch for breakout above ₹800 with volume surge to confirm trend continuation.

🧭 Summary

Trend: Consolidating with bullish undertone

Momentum: Mild; MACD supports upside, RSI and volume suggest caution

Technical Rating: 3.8 — Neutral setup with breakout potential above ₹800

Would you like a comparison with other FMCG players like Haldiram or Nestlé India to assess sector sentiment?

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