Viceroy Hotels Ltd Technical Momentum Shifts Amid Mixed Indicator Signals

Price Movement and Market Context

On 2 January 2026, Viceroy Hotels Ltd closed at ₹137.35, down 1.82% from the previous close of ₹139.90. The stock traded within a range of ₹133.15 to ₹139.00 during the day, remaining below its 52-week high of ₹156.80 but comfortably above the 52-week low of ₹93.05. This price action reflects a short-term pullback amid broader sector volatility.

Comparatively, the stock’s year-to-date return stands at -1.82%, slightly underperforming the Sensex’s marginal decline of -0.04% over the same period. However, over longer horizons, Viceroy Hotels has outpaced the benchmark significantly, delivering a 13.33% return over the past year against the Sensex’s 8.51%, and an extraordinary 8,900.38% return over three years compared to the Sensex’s 40.02%. These figures underscore the stock’s historical resilience and growth potential despite recent technical caution.

Technical Indicator Analysis

The technical landscape for Viceroy Hotels reveals a blend of bullish and bearish signals across multiple timeframes and indicators, reflecting a transitional phase in momentum.

MACD (Moving Average Convergence Divergence): The weekly MACD remains bullish, indicating positive momentum in the near term. However, the monthly MACD has turned mildly bearish, suggesting that longer-term momentum is weakening. This divergence between weekly and monthly MACD readings points to a potential slowdown in upward price movement if monthly trends persist.

RSI (Relative Strength Index): Both weekly and monthly RSI readings currently show no clear signal, implying that the stock is neither overbought nor oversold. This neutral stance suggests that the stock price could move in either direction depending on upcoming market catalysts.

Bollinger Bands: The weekly and monthly Bollinger Bands are mildly bullish, indicating that price volatility remains contained within an upward trending channel. This supports the notion of a cautiously optimistic outlook, with limited downside risk in the immediate term.

Moving Averages: Daily moving averages are bullish, reinforcing short-term upward momentum. This is a positive sign for traders looking for entry points, as the stock price remains above key moving average levels.

Other Technical Measures

The KST (Know Sure Thing) indicator is mildly bearish on both weekly and monthly charts, signalling some underlying weakness in momentum that could temper gains. Meanwhile, Dow Theory analysis shows a bullish trend on the weekly timeframe but no clear trend on the monthly, further highlighting the mixed signals.

On-Balance Volume (OBV) is bullish weekly but neutral monthly, suggesting that buying pressure is present in the short term but lacks conviction over longer periods. This aligns with the overall theme of a stock in transition, where short-term optimism is tempered by longer-term caution.

Mojo Score and Ratings Update

MarketsMOJO assigns Viceroy Hotels a Mojo Score of 37.0, categorising it with a Sell grade as of 29 September 2025. This represents an upgrade from a previous Strong Sell rating, signalling a modest improvement in the stock’s outlook. The Market Cap Grade stands at 4, reflecting the company’s micro-cap status within the Hotels & Resorts sector.

The upgrade in rating aligns with the technical trend shift from bullish to mildly bullish, suggesting that while caution remains warranted, the stock may be stabilising after a period of weakness. Investors should weigh these factors carefully, considering both the technical signals and fundamental context before making allocation decisions.

Comparative Performance and Sector Context

Within the Hotels & Resorts industry, Viceroy Hotels’ technical profile is somewhat mixed compared to peers. While some competitors exhibit stronger bullish momentum, Viceroy’s blend of bullish daily moving averages and weekly MACD contrasts with bearish monthly indicators, highlighting a divergence that may reflect company-specific factors or broader sector rotation.

Given the sector’s sensitivity to economic cycles and travel demand fluctuations, the current mildly bullish technical stance may indicate a tentative recovery phase. Investors should monitor upcoming earnings releases, macroeconomic data, and travel industry trends to better gauge the stock’s trajectory.

Investor Takeaways and Outlook

Viceroy Hotels Ltd’s current technical profile suggests a stock in a state of cautious transition. The bullish daily moving averages and weekly MACD provide some confidence in near-term price support, while the mildly bearish monthly MACD and KST indicators counsel prudence for longer-term investors.

With the RSI neutral and Bollinger Bands mildly bullish, the stock is not exhibiting extreme price pressures, which could allow for a measured recovery if positive catalysts emerge. However, the recent 1.82% day decline and underperformance relative to the Sensex year-to-date highlight ongoing challenges.

Investors should closely monitor volume trends, as indicated by the weekly bullish OBV, to confirm whether buying interest sustains. Additionally, tracking sector developments and broader market sentiment will be crucial in assessing whether Viceroy Hotels can regain stronger bullish momentum.

Given the mixed signals, a balanced approach is advisable. Short-term traders may find opportunities in the daily bullish trend, while long-term investors should await clearer confirmation from monthly indicators before increasing exposure.

Historical Returns Put Current Trends in Perspective

Despite recent technical caution, Viceroy Hotels’ long-term returns remain impressive. The stock’s 3-year return of 8,900.38% dwarfs the Sensex’s 40.02%, and even over five years, the stock has delivered a remarkable 4,482.51% gain compared to the Sensex’s 77.96%. This extraordinary performance underscores the company’s potential to reward patient investors who can navigate short-term volatility.

However, the 10-year return of 569.52% trails the Sensex’s 225.63%, reflecting periods of consolidation and sector-specific headwinds. This historical context reinforces the importance of technical signals as a guide for timing and risk management.

Conclusion

Viceroy Hotels Ltd currently exhibits a complex technical picture, with a shift from bullish to mildly bullish momentum accompanied by mixed indicator signals. While daily and weekly measures suggest some optimism, monthly indicators urge caution. The recent upgrade from Strong Sell to Sell by MarketsMOJO reflects this nuanced outlook.

Investors should consider these technical insights alongside fundamental factors and sector dynamics when evaluating Viceroy Hotels. The stock’s impressive long-term returns offer encouragement, but the current environment calls for vigilance and selective positioning.

Ultimately, Viceroy Hotels remains a stock to watch closely, with technical momentum poised at a critical juncture that could define its near-term trajectory within the Hotels & Resorts sector.

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