Vijaya Bank share price daily chart analysis
Vijaya Bank share on last trading session closed at 37.2 with gains. On daily chart, last trading session was bullish price breakout from short-term view. Now above 37-rupee level traders keep long view for stock and expect targets of 39 to 41 rupee until end of March series. On downside, 35 and 33 rupee are strong support zones on daily chart. Daily chart indicators patterns are bullish and confirmed breakout.
Vijaya Bank share price weekly chart analysis
Vijaya Bank shares this week showing gains and this will be second gaining week for stock prices. Here 38-39 rupee level is strong supply point on chart if stock gives weekly closing above it then that will be fresh medium term bullish breakout for stock prices and we may see 46 to 52 rupee targets in next 3-8 month period. Indicators showing strong recovery patterns, which eventually may turn into bullish breakout.
On downside, 31 and 22 rupee are strong medium term support zones. Last bottom of 34 rupee was best buying opportunity for swing traders.
Vijaya Bank share price chart analysis
Vijaya Bank shares is underperformer and in last 6month has given only 3% return to investors while indices rallied more than 10% in same time. Stock to me look fundamentally weak but by valuation trading at historic lows. Investors must take this opportunity with 3-5 years view. 21 to 34 is buy and accumulation zone for 12-month target of 49 rupee and 3 years target level of 64 rupee.
Vijaya Bank company description
Vijaya Bank offers a range of products, which include savings and deposits, loans and advances, and card services. The Bank operates in four segments: treasury, corporate/wholesale banking, retail banking and other banking operations. Treasury includes all investment portfolio, profit/loss on sale of investments, profit/loss on foreign exchange transactions, equities, income from derivatives and money market operations. Corporate/ Wholesale Banking include lending and deposits from corporate customers. Retail Banking includes lending and deposits from retail customers. Other Banking Operations includes all other operations not covered under treasury, wholesale banking and retail banking. The Bank offers technology products, such as automated teller machines (ATMs), cash deposit machines, debit and credit cards, Internet banking, mobile banking, phone banking, funds transfer through real time gross settlement (RTGS) and national electronic funds transfer (NEFT).
Vijaya Bank stock fundamental ratios
|Range||37.30 – 37.75|
|52 week||33.35 – 56.10|