JKTYRE - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 4.1

📊 Chart Patterns & Trend: JKTYRE is trading near its 52-week high (492 ₹) and has shown strong upward momentum. The price is comfortably above both 50 DMA (436 ₹) and 200 DMA (386 ₹), confirming a bullish trend.

📈 Moving Averages: Current price (485 ₹) is well above both short-term and long-term averages, indicating sustained strength and trend continuation.

📉 RSI: At 54.5, RSI is neutral, suggesting neither overbought nor oversold conditions. This supports steady momentum without immediate reversal risk.

📈 MACD: Positive at 6.48, showing bullish crossover and confirming upward momentum.

📊 Bollinger Bands: Price is near the upper band, reflecting strong buying interest. A minor pullback could occur, but trend remains intact.

📊 Volume Trends: Current volume (4,36,866) is slightly below average weekly volume (4,85,140), indicating moderate participation but no major distribution.

🎯 Momentum Signals: Strong bullish signals with MACD positive and price above key moving averages. RSI suggests room for further upside.

💹 Entry Zone: 440–460 ₹ (near 50 DMA support).

💹 Exit Zone: 490–520 ₹ (near 52-week high resistance).

📌 Overall Trend: The stock is trending upward with strong momentum, supported by technical indicators and volume stability.

Positive

• EPS of 17.5 ₹ with strong quarterly profit variation of 64.3%.
• DII holdings increased by 0.79%, showing domestic institutional confidence.
• Debt-to-equity ratio of 0.59 indicates manageable leverage.
• PEG ratio of 0.92 suggests reasonable valuation relative to growth.

Limitation

• ROE at 9.71% is modest compared to industry leaders.
• Dividend yield of 0.64% is low for income-focused investors.
• Volume slightly below average, indicating cautious participation near highs.

Company Negative News

• Quarterly PAT declined slightly to 167 Cr. from 173 Cr.
• FII holdings decreased marginally (-0.02%), showing reduced foreign investor interest.

Company Positive News

• Strong quarterly profit growth (64.3%).
• DII holdings increased, reflecting domestic confidence.
• Stock trading near 52-week high, showing strong momentum.

Industry

• Industry PE at 31.0 is slightly higher than JKTYRE’s P/E of 27.3, suggesting relative undervaluation.
• Tyre industry benefits from rising auto demand and infrastructure growth in India.

Conclusion

⚖️ JKTYRE is in a strong uptrend, trading near its 52-week high with bullish technical signals. Entry around 440–460 ₹ offers favorable risk-reward, while exits near 490–520 ₹ are optimal. Long-term investors may find value given its reasonable P/E compared to industry and improving fundamentals.