VIJAYA - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | VIJAYA | Market Cap | 10,113 Cr. | Current Price | 981 ₹ | High / Low | 1,192 ₹ |
| Stock P/E | 67.9 | Book Value | 82.3 ₹ | Dividend Yield | 0.20 % | ROCE | 20.2 % |
| ROE | 18.1 % | Face Value | 1.00 ₹ | DMA 50 | 1,001 ₹ | DMA 200 | 1,005 ₹ |
| Chg in FII Hold | -3.17 % | Chg in DII Hold | 3.26 % | PAT Qtr | 42.7 Cr. | PAT Prev Qtr | 38.8 Cr. |
| RSI | 47.0 | MACD | -14.6 | Volume | 39,155 | Avg Vol 1Wk | 1,28,780 |
| Low price | 740 ₹ | High price | 1,192 ₹ | PEG Ratio | 10.3 | Debt to equity | 0.40 |
| 52w Index | 53.3 % | Qtr Profit Var | 7.42 % | EPS | 14.4 ₹ | Industry PE | 36.0 |
📊 Chart Patterns & Trend: VIJAYA is trading below both its 50 DMA (1,001 ₹) and 200 DMA (1,005 ₹), indicating short-term weakness. Price action suggests consolidation between 960–1,005 ₹, with strong support at 960 ₹ and resistance near 1,020–1,050 ₹. Trendlines show sideways movement with bearish undertone.
📈 Moving Averages: Current price (981 ₹) is below both 50 DMA and 200 DMA, signaling bearish momentum. A sustained move above 1,005 ₹ is required for reversal confirmation.
📉 RSI: At 47.0, RSI is neutral, suggesting limited momentum and consolidation.
📉 MACD: Negative at -14.6, confirming bearish momentum in the short term.
📊 Bollinger Bands: Price is near the lower band, indicating oversold conditions and potential support around 960–980 ₹.
📊 Volume Trends: Current volume (39,155) is significantly below the 1-week average (1,28,780), showing weak participation and lack of strong buying interest.
🎯 Entry Zone: 960–980 ₹ (near support, risk-managed entry).
🎯 Exit Zone: 1,020–1,050 ₹ (resistance zone, profit booking advisable).
📌 Momentum Signal: Weak short-term momentum, consolidation phase with bearish undertone. A breakout above 1,020 ₹ is needed to confirm reversal.
Positive
- Strong ROCE (20.2%) and ROE (18.1%) highlight efficient capital use.
- Quarterly PAT growth from 38.8 Cr. to 42.7 Cr. (+7.42%).
- DII holdings increased (+3.26%), reflecting strong domestic investor confidence.
- EPS of 14.4 ₹ supports earnings visibility.
Limitation
- High P/E (67.9) compared to industry average (36.0) suggests overvaluation.
- PEG ratio of 10.3 indicates expensive growth prospects.
- Debt-to-equity ratio of 0.40 shows moderate leverage risk.
- Weak trading volumes reduce momentum strength.
Company Negative News
- Decline in FII holdings (-3.17%) shows reduced foreign investor confidence.
Company Positive News
- Quarterly profit growth highlights operational improvement.
- DII support increased, showing strong domestic institutional interest.
Industry
- Industry P/E at 36.0 indicates sector is moderately valued compared to the company’s higher valuation.
- 52-week index return of 53.3% shows strong sector momentum.
Conclusion
⚖️ VIJAYA is consolidating near support with weak momentum and bearish undertones. Entry near 960–980 ₹ offers limited risk, while exits should be considered around 1,020–1,050 ₹ unless strong reversal occurs. Fundamentally strong but technically cautious in the near term, requiring careful monitoring.