JKTYRE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | JKTYRE | Market Cap | 12,582 Cr. | Current Price | 437 ₹ | High / Low | 612 ₹ |
| Stock P/E | 18.0 | Book Value | 154 ₹ | Dividend Yield | 0.69 % | ROCE | 12.1 % |
| ROE | 9.71 % | Face Value | 2.00 ₹ | DMA 50 | 488 ₹ | DMA 200 | 440 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | 0.30 % | PAT Qtr | 205 Cr. | PAT Prev Qtr | 220 Cr. |
| RSI | 38.1 | MACD | -29.5 | Volume | 13,36,022 | Avg Vol 1Wk | 14,07,118 |
| Low price | 232 ₹ | High price | 612 ₹ | PEG Ratio | 0.61 | Debt to equity | 0.59 |
| 52w Index | 54.0 % | Qtr Profit Var | 236 % | EPS | 23.6 ₹ | Industry PE | 24.8 |
📉 Chart & Trend: JKTYRE is trading below its 50 DMA (₹488) but slightly above its 200 DMA (₹440), with the current price at ₹437. This indicates short-term weakness but medium-term consolidation near support.
📊 RSI: At 38.1, RSI is weak and near oversold territory, suggesting limited upside potential but possible short-term bounce.
📉 MACD: Negative at -29.5, confirming bearish momentum and lack of reversal signals.
📈 Bollinger Bands: Price is near the lower band, reflecting weakness and potential downside risk if support breaks.
📊 Volume: Current volume (13.3 Lakh) is slightly below average weekly volume (14.0 Lakh), showing reduced participation and weak buying interest.
📍 Support & Resistance:
- Strong support: ₹432–₹440 (200 DMA zone)
- Immediate resistance: ₹488 (50 DMA)
- Major resistance: ₹510–₹520
Optimal entry zone: ₹430–₹445 (near support).
Exit zone: ₹480–₹500 (resistance cluster).
🔎 Trend Status: The stock is consolidating with bearish bias. A reversal requires sustained close above ₹488.
Positive
- ROCE (12.1%) and ROE (9.71%) show moderate efficiency.
- EPS at ₹23.6 supports earnings visibility.
- PEG ratio of 0.61 suggests reasonable valuation relative to growth.
- Strong quarterly profit variation of 236% indicates robust earnings momentum.
- FII (+0.83%) and DII (+0.30%) holdings increased, showing institutional confidence.
Limitation
- Trading below 50 DMA signals short-term weakness.
- RSI and MACD confirm bearish momentum.
- Debt-to-equity ratio of 0.59 indicates moderate leverage risk.
- P/E of 18.0 is lower than industry PE of 24.8, but valuation may reflect weaker fundamentals.
Company Negative News
- PAT declined to ₹205 Cr from ₹220 Cr, showing earnings pressure.
- Stock has corrected sharply from its 52-week high of ₹612.
Company Positive News
- Strong 52-week index performance at 54.0% shows resilience despite correction.
- Institutional buying interest reflected in increased FII/DII holdings.
Industry
- Industry PE at 24.8 vs JKTYRE’s PE of 18.0 shows relative undervaluation.
- Auto and tyre sector outlook remains positive with rising demand in commercial and passenger vehicles.
Conclusion
⚖️ JKTYRE is consolidating with bearish bias near support. Short-term traders may consider entry around ₹430–₹445 with exits near ₹480–₹500. Long-term investors can accumulate cautiously given sector tailwinds, but confirmation above ₹488 is needed for a sustained uptrend.
Would you like me to extend this into an auto sector basket overlay (JKTYRE vs peers like Apollo Tyres, MRF, CEAT) so you can benchmark its setup against competitors for stronger confirmation signals?