J&KBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | J&KBANK | Market Cap | 14,207 Cr. | Current Price | 129 ₹ | High / Low | 136 ₹ |
| Stock P/E | 6.61 | Book Value | 143 ₹ | Dividend Yield | 1.67 % | ROCE | 6.14 % |
| ROE | 15.7 % | Face Value | 1.00 ₹ | DMA 50 | 120 ₹ | DMA 200 | 110 ₹ |
| Chg in FII Hold | 0.21 % | Chg in DII Hold | 0.16 % | PAT Qtr | 587 Cr. | PAT Prev Qtr | 494 Cr. |
| RSI | 55.4 | MACD | 3.64 | Volume | 43,11,190 | Avg Vol 1Wk | 65,38,594 |
| Low price | 87.3 ₹ | High price | 136 ₹ | PEG Ratio | 0.11 | Debt to equity | 10.0 |
| 52w Index | 86.2 % | Qtr Profit Var | 10.4 % | EPS | 19.5 ₹ | Industry PE | 15.0 |
📊 Chart & Indicators
- Current price (₹129) is above DMA 50 (₹120) and DMA 200 (₹110), confirming bullish momentum.
- RSI at 55.4 indicates healthy strength, not yet overbought.
- MACD at 3.64 shows positive crossover, supporting upward bias.
- Bollinger Bands: price near upper band, suggesting strong momentum but mild risk of pullback.
- Volume (43.1 Lakh) below average (65.3 Lakh), showing reduced participation.
🎯 Entry & Exit Zones
- **Entry Zone:** ₹125 – ₹129 (near DMA support).
- **Exit Zone:** ₹133 – ₹136 (recent high resistance).
- **Stop-Loss:** Below ₹122 (DMA 50 breakdown risk).
📈 Trend Status
- The stock is **trending upward short-term** with bullish bias.
- Sustaining above ₹129 could lead to further upside toward ₹133–₹136.
- Volume weakness suggests cautious accumulation.
✅ Positive
- Strong ROE (15.7%) supports profitability.
- EPS at ₹19.5 with attractive PEG ratio (0.11).
- Dividend yield at 1.67% provides shareholder returns.
- Price trading above both 50 DMA and 200 DMA.
- Institutional holdings increased (FII +0.21%, DII +0.16%).
⚠️ Limitation
- Very high debt-to-equity ratio (10.0), posing leverage risk.
- ROCE modest at 6.14%, showing limited capital efficiency.
- Volume below average, showing reduced conviction.
📉 Company Negative News
- Elevated leverage with debt-to-equity ratio of 10.0.
- Modest ROCE limits operational efficiency.
📈 Company Positive News
- Quarterly PAT growth (₹494 Cr. → ₹587 Cr.).
- Institutional inflows (FII and DII) support investor confidence.
- Technical indicators (MACD, RSI, DMA crossover) showing bullish strength.
🏭 Industry
- Industry PE at 15.0 vs J&KBANK’s 6.61, showing undervaluation compared to peers.
- Banking sector supported by credit demand but facing margin pressures from rising interest rates.
🔎 Conclusion
J&KBANK is trending upward with bullish signals from DMA crossover, MACD, and RSI strength. Fundamentals remain attractive with low P/E and strong ROE, though high leverage poses risk. Entry near ₹125–₹129 is favorable, with exits around ₹133–₹136. Trend remains bullish short-term, but sustainability depends on managing debt levels.
Would you like me to extend this into a sector overlay comparing J&KBANK with peers like SBI, Bank of Baroda, and PNB to highlight relative strength and valuation?