J&KBANK - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.4

Here’s a detailed technical breakdown of Jammu & Kashmir Bank Ltd (J&KBANK) and its short-term outlook

📊 Trend Analysis

Current Trend: Mild Downtrend with signs of stabilization

Price Action: Trading slightly below 50 DMA (₹108) and just above 200 DMA (₹104) — suggests indecision.

52W Index (57.8%): Price is midway between its 52-week low (₹82) and high (₹124), indicating partial recovery but not full strength.

📈 Momentum Indicators

RSI (42.7): In bearish territory — signals weakening momentum and possible oversold conditions.

MACD (-0.03): Slightly negative — confirms lack of strong momentum.

Volume: Slightly below 1-week average — suggests consolidation or cautious trading.

📉 Volatility & Bands

Bollinger Bands: Price likely near lower band — potential for bounce, but no breakout signal.

Beta: Moderate volatility — price may respond to broader market shifts.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 104 (200 DMA)

Strong Support 98 (trendline base)

Resistance 1 108 (50 DMA)

Resistance 2 114 (minor supply zone)

Resistance 3 124 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹98–₹104 (on pullback or near support)

Exit / Profit Booking: ₹114–₹124 (if price rebounds toward resistance)

🔍 Short-Term Signals

Momentum: Weak — RSI and MACD suggest caution.

Trendline: Price hovering near key support — breakdown risk if volume drops further.

Consolidation: Likely — price moving sideways with subdued volume.

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