KAJARIACER - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.3

📉 KAJARIACER is currently reversing with weakening momentum and trading below its 50 DMA, though long-term structure remains supported above the 200 DMA.

📊 Technical Analysis

• Trend: The stock is reversing from its 52-week high of ₹1,322 and currently trading below its 50 DMA (₹1,212), but still above the 200 DMA (₹1,145), indicating medium-term weakness within a long-term uptrend.
• Moving Averages: Price is below 50 DMA and above 200 DMA, suggesting consolidation with a bearish bias.
• RSI (45.9): Neutral zone, indicating mild bearish momentum but not oversold.
• MACD (-0.51): Slightly negative, signaling weakening momentum.
• Bollinger Bands: Price is near the lower band, suggesting oversold conditions and potential for a technical bounce

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• Volume: Current volume (1.14L) is slightly above 1-week average (1.07L), indicating stable interest.

Sources

TSR

+2

🎯 Entry & Exit Zones

• Support Zone: ₹1,160 – ₹1,180 (recent base and psychological support)
• Resistance Zone: ₹1,210 – ₹1,230 (50 DMA and prior swing highs)
• Optimal Entry: ₹1,170 – ₹1,185 (if RSI stabilizes and MACD flattens)
• Exit Target: ₹1,230 – ₹1,260 (short-term recovery zone)

✅ Positive

• Strong ROCE (16.8%) and ROE (10.8%) indicate efficient capital deployment.
• EPS of ₹15.4 and low debt-to-equity ratio (0.04) reflect solid fundamentals.
• Quarterly PAT improved from ₹99.7 Cr. to ₹121 Cr., showing earnings growth.
• Dividend yield of 0.76% adds long-term investor appeal.

⚠️ Limitation

• Price is trading below 50 DMA and MACD is negative, indicating short-term weakness.
• RSI is below 50, showing limited momentum.
• High P/E (57.5) and negative PEG (-7.02) suggest overvaluation.

📉 Company Negative News

• FII holding decreased by 0.98% and DII holding dropped by 1.39%, indicating reduced institutional confidence.
• Stock has dropped from its high of ₹1,322 to ₹1,189, reflecting resistance near peak levels.

📈 Company Positive News

• Quarterly profit variance of 30.0% supports growth narrative.
• Volume stability and support above 200 DMA suggest resilience.

🏠 Industry

• Industry P/E is 43.8, lower than KAJARIACER’s, suggesting relative overvaluation.
• Building materials sector is cyclical and driven by real estate demand and infrastructure growth.

🧾 Conclusion

• KAJARIACER is currently reversing with weak short-term technical indicators but strong long-term fundamentals.
• Short-term traders should wait for RSI to rise above 50 and MACD to flatten before entering.
• Long-term investors may consider accumulating near ₹1,180 with a target of ₹1,260, maintaining stop-loss below ₹1,160.