BIKAJI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 2.9

📉 BIKAJI is currently consolidating with bearish momentum. The stock is trading below key moving averages with weak RSI and MACD, indicating limited short-term upside.

📊 Technical Analysis Summary

• Trend Status: Consolidating with mild bearish bias
• RSI (44.0): Neutral to weak — momentum fading
• MACD (-5.82): Bearish crossover — signals downward pressure
• Volume: Slightly above 1-week average — low conviction
• DMA 50 & 200: Price below both — bearish structure
• Bollinger Bands: Price near lower band — oversold zone, potential bounce

🎯 Entry & Exit Zones

• Support Levels: ₹710, ₹685, ₹660
• Resistance Levels: ₹746, ₹770, ₹800
• Optimal Entry: ₹710–₹725 (if RSI stabilizes)
• Exit Target: ₹770–₹800 (short-term resistance)

✅ Positive

• Strong ROCE (20.1%) and ROE (16.0%) — efficient capital use
• EPS of ₹8.56 — consistent earnings
• Low debt-to-equity ratio (0.12) — strong balance sheet
• DII holding increased by 1.40% — domestic investor confidence

⚠️ Limitation

• Price below 50 DMA and 200 DMA — bearish signal
• MACD and RSI both weak — limited momentum
• High P/E (84.9) and PEG (2.20) — valuation concerns
• Dividend yield of 0.14% — low income potential

📉 Company Negative News

• FII holding declined by 0.30% — slight institutional caution
• Stock down 46% from 52-week high — recent underperformance

📈 Company Positive News

• Quarterly PAT improved from ₹48.4 Cr to ₹63.2 Cr — 5.97% growth
• Stable earnings and strong domestic investor interest

🏭 Industry

• Sector: Packaged Foods / FMCG
• Industry P/E: 48.0 vs BIKAJI’s P/E: 84.9 — significantly overvalued
• Sector outlook stable with rising consumer demand and brand loyalty

🧾 Conclusion

• BIKAJI is consolidating with weak technical momentum
• Entry near ₹710–₹725 with targets at ₹770–₹800
• Monitor RSI and MACD for signs of reversal
• Valuation remains elevated; long-term investors should wait for trend confirmation