JPPOWER - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | JPPOWER | Market Cap | 15,673 Cr. | Current Price | 22.9 ₹ | High / Low | 27.7 ₹ |
| Stock P/E | 35.5 | Book Value | 18.6 ₹ | Dividend Yield | 0.00 % | ROCE | 6.92 % |
| ROE | 3.53 % | Face Value | 10.0 ₹ | DMA 50 | 18.0 ₹ | DMA 200 | 17.3 ₹ |
| Chg in FII Hold | 0.07 % | Chg in DII Hold | 0.00 % | PAT Qtr | -23.4 Cr. | PAT Prev Qtr | 4.89 Cr. |
| RSI | 73.9 | MACD | 0.57 | Volume | 1,41,33,75,783 | Avg Vol 1Wk | 39,85,73,787 |
| Low price | 13.1 ₹ | High price | 27.7 ₹ | PEG Ratio | 0.37 | Debt to equity | 0.27 |
| 52w Index | 66.9 % | Qtr Profit Var | -115 % | EPS | 0.64 ₹ | Industry PE | 28.8 |
📊 Chart & Trend Analysis:
JPPOWER is trading well above both its 50 DMA (₹18.0) and 200 DMA (₹17.3), showing strong short-term momentum. RSI at 73.9 indicates overbought conditions, suggesting caution. MACD at 0.57 confirms mild bullish crossover. Bollinger Bands place price near the upper band, with resistance around ₹27.7.
📈 Momentum Signals:
- Short-term momentum is strong, supported by heavy volume (141 Cr vs 39.8 Cr weekly average).
- Support zone: ₹21 – ₹23.
- Resistance zone: ₹26 – ₹28.
- Sustained move above ₹28 could trigger rally toward ₹30+, while failure to hold ₹21 may lead to consolidation.
🔎 Trend Status:
Currently trending upward but overbought. A consolidation phase is likely unless supported by continued volume strength.
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Positive
✔ Price trading above both DMA levels.
✔ PEG ratio at 0.37 indicates undervaluation relative to growth.
✔ Heavy trading volume shows strong market participation.
✔ 52-week performance at +66.9% reflects strong momentum.
Limitation
⚠ RSI above 70 signals overbought conditions.
⚠ ROE (3.53%) and ROCE (6.92%) remain weak.
⚠ Dividend yield at 0.00% offers no income support.
⚠ EPS at ₹0.64 reflects poor profitability.
Company Negative News
📉 Quarterly PAT turned negative (-₹23.4 Cr vs ₹4.89 Cr profit).
📉 Profitability concerns impacting sentiment.
Company Positive News
📢 Technical breakout above DMA levels.
📢 Foreign institutional inflows (+0.07%).
📢 Strong 52-week gain supports price momentum.
Industry
🌐 Industry PE at 28.8 vs JPPOWER’s 35.5 — slightly premium valuation.
🌐 Power sector supported by renewable energy demand but facing margin pressures.
Conclusion
JPPOWER is trending upward with strong momentum but overbought signals from RSI. Entry near ₹21–₹23 offers limited downside risk, with exit targets around ₹26–₹28. Fundamentals remain weak with negative PAT and low returns, so traders should exercise caution and use strict stop-loss discipline.
Would you like me to extend this into a swing trade outlook with medium-term layered targets, or refine it into an intraday momentum strategy for tighter entry/exit levels?