VTL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.8

Here’s a detailed technical analysis of Vardhman Textiles Ltd (VTL)

📊 Trend Overview

Current Trend: The stock is in a mild downtrend, with signs of sideways consolidation near key moving averages.

Price Action: Trading at ₹436, just below the 50-DMA (₹437) and well below the 200-DMA (₹455), indicating weakening momentum and resistance overhead.

📈 Momentum Indicators

RSI (52.8): Neutral zone. Suggests indecision, with neither strong buying nor selling pressure.

MACD (1.19): Slightly positive, indicating early bullish crossover but lacking strong momentum.

Volume: Current volume (1.36 lakh) is significantly below the 1-week average (2.49 lakh), showing reduced participation and low conviction.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 437 Resistance

200-DMA 455 Resistance

Current Price 436 Below both DMAs

📌 Bollinger Bands

Price is near the middle band, suggesting consolidation.

A breakout above ₹440–₹445 could trigger a move toward ₹460+.

🧭 Support & Resistance Zones

Immediate Support: ₹420–₹425 zone

Major Support: ₹400–₹410 zone

Immediate Resistance: ₹440–₹445 zone

Major Resistance: ₹455–₹470, then ₹500+

🎯 Entry & Exit Zones

Optimal Entry: ₹420–₹430 (on pullback with MACD support)

Exit Zone: ₹455–₹470 (first resistance), ₹500+ if momentum builds

🔍 Conclusion

VTL is currently consolidating with weak momentum signals. RSI is neutral, MACD is mildly bullish, and volume is low. Price action below key moving averages suggests caution. A breakout above ₹445 with volume and MACD strength could signal trend reversal, but until then, the stock remains in a neutral-to-bearish phase.

Let me know if you’d like a comparison with other textile stocks like KPR Mill or Welspun India!

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