VMM - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Here’s a detailed technical analysis of Vishnu & Mahesh Manufacturing Ltd (VMM)

📊 Trend Overview

Current Trend: The stock is in a moderate uptrend, showing signs of short-term consolidation near resistance.

Price Action: Trading at ₹146, above both the 50-DMA (₹144) and 200-DMA (₹127), indicating bullish bias with a potential pause.

📈 Momentum Indicators

RSI (46.2): Neutral zone, slightly below midpoint. Suggests consolidation with no strong directional momentum.

MACD (1.44): Positive crossover, indicating mild bullish sentiment but not yet strong momentum.

Volume: Current volume (97.75 lakh) is slightly below the 1-week average (104.74 lakh), showing stable interest but not breakout-level enthusiasm.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 144 Support

200-DMA 127 Strong Support

Current Price 146 Above both DMAs

📌 Bollinger Bands

Price is near the middle band, suggesting consolidation.

A breakout above ₹148–₹150 could trigger a rally toward ₹155–₹158.

🧭 Support & Resistance Zones

Immediate Support: ₹140–₹144 zone

Major Support: ₹130–₹135 zone

Immediate Resistance: ₹150–₹155 zone

Major Resistance: ₹158 (52-week high), then ₹165+

🎯 Entry & Exit Zones

Optimal Entry: ₹140–₹144 (on pullback with MACD support)

Exit Zone: ₹155–₹158 (first resistance), ₹165+ if momentum builds

🔍 Conclusion

VMM is currently consolidating with a bullish tilt. Price action above key moving averages and a positive MACD suggest potential for upside, though RSI and volume indicate a pause. A breakout above ₹150 with volume could confirm trend continuation, while a pullback to ₹140–₹144 offers a favorable entry.

Let me know if you’d like a comparison with peers in the manufacturing or industrial segment!

Edit in a page