JKTYRE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.3

📈 JKTYRE is in a strong uptrend with bullish momentum indicators and nearing its 52-week high, suggesting continued strength but caution near resistance.

📊 Technical Analysis

• Trend: The stock is trending upward and approaching its 52-week high of ₹446.
• Moving Averages: Price is well above both 50 DMA (₹381) and 200 DMA (₹359), confirming bullish momentum.
• RSI (72.7): Overbought zone, indicating strong momentum but potential for short-term pullback.
• MACD (17.2): Positive and rising, confirming bullish sentiment.
• Bollinger Bands: Price is near the upper band, suggesting strength but also volatility.
• Volume: Current volume (21.74L) is below 1-week average (52.47L), indicating reduced participation at highs.

Sources

MoneyControl

+2

🎯 Entry & Exit Zones

• Support Zone: ₹420 – ₹430 (recent breakout level)
• Resistance Zone: ₹445 – ₹455 (52-week high and psychological barrier)
• Optimal Entry: ₹425 – ₹435 (on pullback with RSI easing below 65)
• Exit Target: ₹455 – ₹470 (if momentum sustains and volume picks up)

✅ Positive

• Strong quarterly PAT of ₹167 Cr. with 64.3% profit growth.
• PEG ratio of 0.84 indicates reasonable valuation relative to growth.
• ROCE (12.1%) and ROE (9.71%) reflect decent capital efficiency.
• Price has surged 98.4% over the past year, showing strong investor interest.

⚠️ Limitation

• RSI in overbought zone may lead to short-term correction.
• Volume is declining despite price rise, suggesting weakening momentum.
• FII holding slightly decreased (-0.02%), indicating cautious foreign sentiment.

📉 Company Negative News

• Quarterly PAT declined slightly from ₹173 Cr. to ₹167 Cr.
• High RSI and low volume may signal exhaustion near highs.

📈 Company Positive News

• DII holding increased by 0.79%, showing domestic institutional confidence.
• EPS of ₹17.5 and consistent dividend yield (0.67%) support long-term value.

🏭 Industry

• Industry P/E is 31.5, slightly higher than JKTYRE’s 24.9, suggesting relative undervaluation.
• Tyre sector benefits from rising auto demand and infrastructure growth.

🧾 Conclusion

• JKTYRE is currently trending with strong technical indicators and bullish sentiment.
• Short-term traders should be cautious near ₹446 due to overbought RSI and low volume.
• Long-term investors may consider accumulating on dips near ₹430 with a target of ₹470, maintaining stop-loss below ₹420.