MANYAVAR - Technical Analysis

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

Technical Rating: 3.0

Here’s a detailed technical analysis of MANYAVAR (Vedant Fashions Ltd)

📉 Trend Overview

Current Price (₹754) is below both 50 DMA (₹794) and 200 DMA (₹922) — signaling short- and medium-term weakness.

RSI (34.9): Near oversold territory, indicating potential for a short-term bounce.

MACD (-6.39): Bearish crossover, confirming downward momentum.

Volume: Slightly below 1-week average, suggesting low conviction selling.

🔎 Conclusion: The stock is trending down with signs of possible consolidation near support.

📊 Momentum Indicators

Indicator Value Signal

RSI 34.9 Oversold zone

MACD -6.39 Bearish crossover

Bollinger Bands N/A Likely near lower band

Volume Trend ↓ Weak momentum

📈 Support & Resistance Zones

Type Price (₹) Strength

Support 740–745 Strong

Support 706 Historical low

Resistance 794–800 Moderate

Resistance 840–860 Strong

📐 Trendlines suggest a descending channel. A breakout above ₹800 could signal reversal.

🎯 Entry & Exit Strategy

Entry Zone: ₹740–755 (near support, oversold RSI)

Exit Zone: ₹790–820 (approaching resistance and 50 DMA)

🧭 Overall Outlook

Short-Term: Weak momentum, but oversold indicators hint at a potential bounce.

Medium-Term: Needs to reclaim ₹800+ to shift trend bullish.

Long-Term: Strong fundamentals (ROCE 30.7%, ROE 26.7%) and PEG ratio of 0.99 support value, but technicals remain soft.

Would you like me to overlay this with insider activity or compare it with other retail peers like Trent or Aditya Birla Fashion?

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