JKTYRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | JKTYRE | Market Cap | 11,891 Cr. | Current Price | 412 ₹ | High / Low | 612 ₹ |
| Stock P/E | 13.6 | Book Value | 183 ₹ | Dividend Yield | 0.73 % | ROCE | 18.8 % |
| ROE | 18.4 % | Face Value | 2.00 ₹ | DMA 50 | 411 ₹ | DMA 200 | 425 ₹ |
| Chg in FII Hold | 1.67 % | Chg in DII Hold | -0.05 % | PAT Qtr | 238 Cr. | PAT Prev Qtr | 205 Cr. |
| RSI | 58.2 | MACD | -7.34 | Volume | 1,36,03,526 | Avg Vol 1Wk | 39,60,293 |
| Low price | 311 ₹ | High price | 612 ₹ | PEG Ratio | 0.22 | Debt to equity | 0.83 |
| 52w Index | 33.7 % | Qtr Profit Var | 138 % | EPS | 25.9 ₹ | Industry PE | 21.8 |
📊 Chart & Trend Analysis:
JKTYRE is trading near its 50 DMA (₹411) but below the 200 DMA (₹425), reflecting short-term stability with medium-term weakness. RSI at 58.2 indicates mild bullish momentum. MACD at -7.34 shows negative crossover, signaling caution. Bollinger Bands suggest price is mid-range, with support around ₹400–₹411.
📈 Momentum Signals:
- Short-term momentum is mixed: RSI bullish but MACD bearish.
- Strong volume (1.36 Cr) vs weekly average (39.6L) indicates heavy participation.
- Support zone: ₹400 – ₹415.
- Resistance zone: ₹440 – ₹455.
- Break above ₹455 could trigger rally toward ₹480+, while failure to hold ₹400 may lead to consolidation.
🔎 Trend Status:
Currently consolidating with bullish undertones. Sustained buying above ₹440–₹455 will confirm reversal into an uptrend.
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Positive
✔ EPS at ₹25.9 supports valuation strength.
✔ ROE (18.4%) and ROCE (18.8%) highlight strong returns.
✔ PEG ratio at 0.22 indicates undervaluation relative to growth.
✔ Quarterly PAT growth (₹205 Cr → ₹238 Cr).
✔ FII holdings increased (+1.67%), showing foreign investor confidence.
Limitation
⚠ Price below 200 DMA signals medium-term weakness.
⚠ Debt-to-equity ratio at 0.83 adds leverage risk.
⚠ Dividend yield modest at 0.73%.
⚠ MACD negative crossover suggests caution despite RSI strength.
Company Negative News
📉 Sequential profit variation (-9.11%) despite overall growth.
📉 DII holdings declined (-0.05%).
📉 Elevated debt levels compared to peers.
Company Positive News
📢 Strong quarterly profit growth (+138%).
📢 Heavy trading volume indicates strong market interest.
📢 Sector demand recovery supports auto industry outlook.
Industry
🌐 Industry PE at 21.8 vs JKTYRE’s 13.6 — undervaluation relative to peers.
🌐 Auto sector supported by demand recovery but facing margin pressures from input costs.
Conclusion
JKTYRE is consolidating with bullish undertones. Entry near ₹400–₹415 offers favorable risk-reward, with exit targets around ₹440–₹455. Fundamentals show undervaluation and strong earnings growth, but technical weakness and leverage risk suggest cautious positioning in the short term.
Would you like me to refine this into a swing trade outlook with medium-term layered targets, or extend it into an intraday momentum strategy for tighter entry/exit levels?