Viceroy Hotels Ltd Sees Technical Momentum Shift Amid Mixed Indicator Signals

Price Momentum and Recent Market Performance

Viceroy Hotels Ltd (stock code 976019) closed at ₹140.85 on 20 Jan 2026, marking a 2.07% increase from the previous close of ₹138.00. The stock traded within a range of ₹134.80 to ₹141.90 during the day, reflecting increased buying interest. Over the past week, the stock has outperformed the broader market, delivering a 0.61% gain compared to the Sensex’s 0.75% decline. This positive momentum extends over longer periods, with a 1-month return of 2.47% versus the Sensex’s negative 1.98%, and a year-to-date gain of 0.68% against the Sensex’s 2.32% loss.

Longer-term returns are particularly impressive, with a 1-year return of 24.10% compared to the Sensex’s 8.65%, and an extraordinary 3-year return of 6403.65% versus the Sensex’s 36.79%. Even over five and ten years, Viceroy Hotels has significantly outpaced the benchmark, underscoring its strong growth trajectory within the Hotels & Resorts sector.

Technical Indicator Analysis: Mixed Signals but Bullish Bias

The technical landscape for Viceroy Hotels reveals a nuanced picture. The weekly Moving Average Convergence Divergence (MACD) indicator is bullish, signalling upward momentum, while the monthly MACD remains mildly bearish, suggesting some caution over the longer term. The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, indicating the stock is neither overbought nor oversold at these timeframes.

Bollinger Bands provide a more consistent bullish signal, with both weekly and monthly readings indicating the stock price is trending towards the upper band, often a sign of strength and potential continuation of the upward move. Daily moving averages reinforce this positive momentum, with the stock price trading above key averages, confirming short-term bullishness.

The Know Sure Thing (KST) oscillator aligns with this mixed view: bullish on the weekly chart but mildly bearish on the monthly. Dow Theory analysis supports a weekly bullish trend, though no clear monthly trend is established. On-Balance Volume (OBV) shows no trend weekly but is bullish monthly, suggesting accumulation over the longer term despite short-term volume fluctuations.

Technical Trend Upgrade and Market Capitalisation Insights

MarketsMOJO has upgraded Viceroy Hotels Ltd’s technical trend from mildly bullish to bullish as of late 2025, reflecting the strengthening momentum in price action and technical indicators. The company’s Mojo Score currently stands at 44.0, with a Mojo Grade of Sell, an improvement from the previous Strong Sell rating assigned on 29 Sep 2025. This upgrade suggests a reduction in downside risk, though the stock remains a cautious sell based on fundamental and technical assessments.

The Market Cap Grade is rated 4, indicating a mid-sized market capitalisation relative to peers in the Hotels & Resorts sector. This positioning may offer a balance between growth potential and liquidity, appealing to investors seeking exposure to the hospitality industry’s recovery prospects.

Sector and Industry Context

Within the Hotels & Resorts sector, Viceroy Hotels Ltd’s technical signals stand out for their bullish weekly momentum, contrasting with some peers that continue to face headwinds amid fluctuating travel demand and economic uncertainties. The sector has been gradually recovering post-pandemic, with improving occupancy rates and rising average daily rates supporting earnings growth. Viceroy’s technical indicators suggest it is well-positioned to capitalise on this recovery, though investors should remain mindful of broader macroeconomic risks.

Comparatively, the stock’s 52-week high of ₹156.80 and low of ₹93.05 highlight significant volatility, but the current price near ₹140.85 indicates a recovery towards the upper end of this range. This price action aligns with the bullish weekly MACD and Bollinger Bands signals, reinforcing the positive momentum narrative.

Investor Considerations and Outlook

For investors analysing Viceroy Hotels Ltd, the mixed technical signals warrant a balanced approach. The bullish weekly indicators and moving averages suggest potential for further upside in the near term, supported by strong relative performance against the Sensex and sector peers. However, the mildly bearish monthly MACD and KST readings advise caution, signalling that longer-term momentum may face resistance or consolidation phases.

Risk management remains crucial, especially given the stock’s current Mojo Grade of Sell and the inherent volatility in the hospitality sector. Investors should monitor key support levels near the daily moving averages and watch for confirmation of sustained volume accumulation as indicated by the monthly OBV trend.

Summary

Viceroy Hotels Ltd’s recent technical parameter changes reflect a strengthening price momentum with a bullish weekly trend supported by MACD, Bollinger Bands, and moving averages. While monthly indicators present a more cautious outlook, the stock’s strong relative returns and sector recovery prospects provide a compelling case for selective investors. The upgrade in technical trend and Mojo Grade improvement signal a potential turning point, though the Sell rating advises prudence.

Investors should continue to monitor the evolving technical signals and broader market conditions, balancing the stock’s growth potential against sector volatility and macroeconomic uncertainties. Viceroy Hotels remains a stock to watch closely within the Hotels & Resorts sector as it navigates this phase of recovery and momentum shift.

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