JMFINANCIL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.8

Here’s a comprehensive technical breakdown of JM Financial Ltd (JMFINANCIL) and its short-term outlook

📊 Trend Analysis

Current Trend: Uptrend with signs of weakening momentum

Price Action: Trading above both 50 DMA (₹152) and 200 DMA (₹126) — bullish structure.

52W Index (82.6%): Price is near its 52-week high (₹181), suggesting strength but also proximity to resistance.

📈 Momentum Indicators

RSI (50.4): Neutral zone — neither overbought nor oversold. Indicates indecision.

MACD (4.90): Positive crossover — bullish momentum, but not very strong.

Volume: Significantly below 1-week average — suggests waning interest or consolidation.

📉 Volatility & Bands

Bollinger Bands: Price likely near mid-band — no breakout or breakdown signal.

Beta (1.5): High volatility — price can swing sharply, especially near resistance zones.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 158 (recent pivot)

Strong Support 152 (50 DMA)

Resistance 1 168 (minor supply zone)

Resistance 2 174 (swing high)

Resistance 3 181 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹152–₹158 (near support or on pullback)

Exit / Profit Booking: ₹174–₹181 (near resistance zones)

🔍 Short-Term Signals

Momentum: Mildly bullish — MACD supports upside, but RSI and volume suggest caution.

Trendline: Holding above key support trendline — no breakdown yet.

Consolidation: Likely — price hovering near highs with low volume.

Would you like me to track breakout potential or compare it with other NBFCs like Bajaj Finance or Muthoot?

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