VIJAYA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.3

📉 VIJAYA is currently in a reversal phase with bearish short-term momentum and weak technical signals. Entry zone: ₹960–₹989; exit zone: ₹1,020–₹1,050. Watch for RSI recovery and MACD flattening to confirm a potential trend reversal.

📊 Technical Overview

• Price Action: Trading at ₹989, below both 50-DMA (₹1,014) and 200-DMA (₹1,001), indicating short-term and medium-term weakness.
• RSI (42.6): Near oversold territory, suggesting potential for a technical bounce.
• MACD (-7.68): Bearish crossover, confirming downward momentum.
• Bollinger Bands: Price near lower band, indicating oversold conditions with possible support.
• Volume: Above 1-week average, showing increased participation despite price weakness.
• Support Zones: ₹960 (S1), ₹940 (S2)
• Resistance Zones: ₹1,020 (R1), ₹1,050 (R2)

✅ Positive

• Strong ROCE (20.2%) and ROE (18.1%) reflect solid operational efficiency.
• EPS of ₹14.1 supports valuation and earnings visibility.
• Quarterly PAT increased from ₹33.9 Cr. to ₹38.4 Cr., a 33% jump.
• DII holdings increased (+1.27%), showing growing domestic institutional interest.

⚠️ Limitation

• Stock P/E (69.9) is significantly higher than industry average (37.4), indicating overvaluation.
• PEG ratio of 10.6 suggests poor earnings growth relative to valuation.
• Price trading below key moving averages confirms bearish bias.
• MACD and RSI show weak momentum, limiting short-term upside.

📉 Company Negative News

• FII holdings declined (-1.29%), reflecting reduced foreign investor confidence.
• Price has corrected ~22% from its 52-week high of ₹1,277.

📈 Company Positive News

• Quarterly profit growth and increased volume suggest potential accumulation at lower levels.
• Low debt-to-equity ratio (0.37) ensures financial stability and flexibility.

🏢 Industry

• Healthcare and diagnostics sector benefits from rising preventive care awareness and urban healthcare demand.
• Industry P/E of 37.4 reflects moderate valuation across peers.

🧭 Conclusion

• VIJAYA is in a reversal phase with bearish technical indicators and improving fundamentals.
• Entry zone: ₹960–₹989; exit zone: ₹1,020–₹1,050 for short-term bounce trades.
• Long-term investors may accumulate cautiously on dips, supported by earnings growth and sector tailwinds.