J&KBANK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.1
| Stock Code | J&KBANK | Market Cap | 15,825 Cr. | Current Price | 144 ₹ | High / Low | 145 ₹ |
| Stock P/E | 6.69 | Book Value | 152 ₹ | Dividend Yield | 1.49 % | ROCE | 5.83 % |
| ROE | 15.2 % | Face Value | 1.00 ₹ | DMA 50 | 129 ₹ | DMA 200 | 114 ₹ |
| Chg in FII Hold | 0.21 % | Chg in DII Hold | 0.16 % | PAT Qtr | 798 Cr. | PAT Prev Qtr | 587 Cr. |
| RSI | 63.9 | MACD | 3.65 | Volume | 43,95,204 | Avg Vol 1Wk | 39,93,153 |
| Low price | 97.4 ₹ | High price | 145 ₹ | PEG Ratio | 0.26 | Debt to equity | 10.1 |
| 52w Index | 97.3 % | Qtr Profit Var | 36.5 % | EPS | 21.5 ₹ | Industry PE | 14.8 |
📊 Chart & Trend Analysis:
J&KBANK is trading above both its 50 DMA (₹129) and 200 DMA (₹114), confirming strong bullish momentum. RSI at 63.9 indicates healthy strength but nearing overbought territory. MACD at 3.65 shows positive crossover. Bollinger Bands place price near the upper band, with resistance around ₹145.
📈 Momentum Signals:
- Short-term momentum is positive, with volume (43.9L) slightly above weekly average (39.9L).
- Support zone: ₹138 – ₹142.
- Resistance zone: ₹145 – ₹150.
- Break above ₹150 could trigger rally toward ₹155+, while failure to hold ₹138 may lead to consolidation.
🔎 Trend Status:
Currently trending upward with bullish undertones. Sustained buying above ₹145 will confirm continuation of the uptrend.
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Positive
✔ Strong ROE (15.2%) supports profitability.
✔ EPS at ₹21.5 with attractive PEG ratio (0.26).
✔ PAT growth (₹587 Cr → ₹798 Cr) shows earnings momentum.
✔ Price trading above both DMA levels.
✔ Institutional inflows (FII +0.21%, DII +0.16%).
Limitation
⚠ Very high debt-to-equity ratio (10.1) poses leverage risk.
⚠ ROCE modest at 5.83%, showing limited capital efficiency.
⚠ RSI near overbought zone, raising caution.
Company Negative News
📉 Elevated leverage with debt-to-equity ratio of 10.1.
📉 Modest ROCE limits operational efficiency.
Company Positive News
📢 Strong quarterly PAT growth supports earnings momentum.
📢 Technical breakout above DMA levels.
📢 Sectoral support from credit demand.
Industry
🌐 Industry PE at 14.8 vs J&KBANK’s 6.69 — undervaluation relative 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, RSI, and MACD. Entry near ₹138–₹142 offers favorable risk-reward, with exit targets around ₹145–₹150. Fundamentals remain attractive with low P/E and strong ROE, though high leverage poses risk. Traders can ride short-term momentum, while long-term investors should monitor debt levels closely.
Would you like me to extend this into a sector overlay comparison with peers like SBI and ICICI Bank, or refine it into a momentum-based intraday strategy for tighter entry/exit levels?