DEVYANI - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.9

Here’s a detailed technical analysis of DEVYANI INTERNATIONAL LTD.

📊 Trend Overview

Current Trend: Consolidating with mild bullish undertone

Price is slightly above both 50 DMA (₹174) and 200 DMA (₹171), indicating short-term strength but no clear breakout.

RSI at 51.6 is neutral, suggesting indecision and lack of strong momentum.

MACD at 3.75 is positive, indicating early bullish crossover.

📈 Technical Indicators

Moving Averages

Price (₹177) > 50 DMA (₹174) > 200 DMA (₹171): Golden crossover confirmed

RSI (51.6)

Neutral zone. No overbought or oversold signal.

MACD (3.75)

Positive crossover. Momentum is building but not yet strong.

Bollinger Bands

Price near middle band, indicating consolidation with breakout potential.

Volume Trends

Current volume (8.94L) < 1-week average (16.59L): Weak participation

Suggests lack of conviction from buyers, typical of consolidation phases.

🔍 Short-Term Momentum Signals

Neutral to Bullish Bias

MACD and price above key moving averages support mild upside.

RSI suggests room for momentum to build.

DII inflows (+1.22%) add to sentiment despite FII outflows (-1.04%).

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 174 50 DMA, short-term base

Support 2 165 Previous swing low

Resistance 1 185 Minor psychological barrier

Resistance 2 200 Recent swing high

Resistance 3 223 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹170–₹175 (on dips near support)

Exit Zone: ₹200–₹223 (partial profit booking)

Aggressive Target: ₹235+ if breakout above ₹223 sustains with volume

🧭 Summary

Trend: Consolidating with mild bullish momentum

Momentum: Building, supported by MACD and moving averages

Outlook: Favorable for swing trades; breakout above ₹185 could trigger next rally

Valuation & Fundamentals: No P/E due to negative EPS, high debt-to-equity (2.15), weak ROE/ROCE, and volatile earnings suggest caution for long-term investors despite technical setup

Let me know if you’d like a simulated trade setup or visual chart based on this analysis.

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