J&KBANK - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 3.5

Here’s a detailed technical analysis of Jammu & Kashmir Bank Ltd. (J&KBANK)

📊 Trend Overview

Current Trend: Consolidating with mild bullish bias

Price is trading just above both 50-DMA (₹104) and 200-DMA (₹103), forming a stable base.

RSI at 56.9 suggests moderate bullish momentum without being overbought.

MACD at -0.39 is slightly negative, indicating a pause or mild bearish divergence.

Volume is above average, which supports price stability but lacks breakout strength.

📈 Moving Averages

50-DMA: ₹104 — Immediate support.

200-DMA: ₹103 — Long-term support.

Price Action: Trading at ₹105, just above both DMAs — a neutral-to-bullish setup.

📉 Momentum Indicators

RSI (14-day): 56.9 — Mild bullish zone, no overbought risk.

MACD: -0.39 — Slight bearish crossover, momentum fading.

Volume: 25.5 lakh vs 1-week avg of 19.6 lakh — Uptick in volume, but not yet breakout-worthy.

📊 Bollinger Bands

Price likely near middle band — low volatility.

No breakout or squeeze pattern detected.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 103 200-DMA, strong base

Support 2 98 Previous swing low

Resistance 1 108 Minor resistance zone

Resistance 2 117 52-week high, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹103–₹105 — Near DMA cluster with tight stop-loss.

Exit Zone: ₹108–₹115 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Neutral — RSI mildly bullish, MACD slightly bearish.

Breakout Potential: Moderate — Needs MACD reversal and volume surge.

Bias: Cautiously bullish — Watch for breakout above ₹108.

🧭 Summary

J&KBANK is currently consolidating with a mild bullish undertone. Price action above key moving averages and a stable RSI suggest strength, but MACD and resistance at ₹108–₹117 warrant caution. Traders may consider entering near ₹103–₹105 and targeting ₹108–₹115 for exits, while watching for volume confirmation.

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