JSWHL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | JSWHL | Market Cap | 19,758 Cr. | Current Price | 17,886 ₹ | High / Low | 27,760 ₹ |
| Stock P/E | 168 | Book Value | 29,286 ₹ | Dividend Yield | 0.00 % | ROCE | 0.85 % |
| ROE | 0.64 % | Face Value | 10.0 ₹ | DMA 50 | 19,184 ₹ | DMA 200 | 18,676 ₹ |
| Chg in FII Hold | 0.03 % | Chg in DII Hold | -0.05 % | PAT Qtr | 59.6 Cr. | PAT Prev Qtr | 19.7 Cr. |
| RSI | 37.4 | MACD | -452 | Volume | 31,457 | Avg Vol 1Wk | 10,068 |
| Low price | 14,200 ₹ | High price | 27,760 ₹ | PEG Ratio | 18.5 | Debt to equity | 0.00 |
| 52w Index | 27.2 % | Qtr Profit Var | -49.6 % | EPS | 106 ₹ | Industry PE | 30.6 |
📊 Chart Patterns: The stock is trading below both 50 DMA (19,184 ₹) and 200 DMA (18,676 ₹), showing weakness. Current price (17,886 ₹) is near support levels around 17,500–18,000 ₹, with resistance at 19,000–19,200 ₹.
📈 Moving Averages: Price below DMA 50 and DMA 200 indicates bearish bias. Trendline support visible near 17,500 ₹, resistance around 19,200–20,000 ₹.
📉 RSI (37.4): Weak momentum, leaning towards oversold territory, suggesting limited downside but no strong reversal yet.
📊 MACD (-452): Strong negative crossover, confirming bearish momentum in the short term.
📊 Bollinger Bands: Price near lower band, indicating oversold conditions and possible short-term bounce.
📊 Volume Trends: Current volume (31,457) is higher than 1-week average (10,068), showing increased participation but likely due to selling pressure.
🎯 Momentum Signals: Weak momentum with possible short-term rebound if price sustains above 18,000 ₹.
💡 Entry Zone: 17,500–18,000 ₹ (near support).
🚪 Exit Zone: 19,200–20,000 ₹ (resistance zone before 21,000 ₹).
📌 Trend Status: Stock is reversing from highs and currently in a bearish consolidation phase. Sustained move above 19,200 ₹ may signal recovery, while a break below 17,500 ₹ could extend downside.
Positive
- 📈 Sequential PAT improved to 59.6 Cr. from 19.7 Cr.
- 📊 EPS at 106 ₹ supports valuation strength.
- 🌍 FII holdings increased slightly (+0.03%), showing marginal foreign investor confidence.
- ⚖️ Debt-to-equity ratio at 0.00 indicates strong balance sheet stability.
Limitation
- ⚠️ Extremely high P/E ratio (168) compared to industry average (30.6).
- ⚠️ Very weak ROE (0.64%) and ROCE (0.85%), showing poor efficiency.
- ⚠️ PEG ratio (18.5) suggests severe overvaluation relative to growth.
Company Negative News
- 📉 Quarterly profit variance (-49.6%) shows earnings pressure despite sequential improvement.
- 📉 DII holdings reduced (-0.05%), reflecting weaker domestic investor sentiment.
Company Positive News
- 📈 PAT improved sequentially from 19.7 Cr. to 59.6 Cr.
- 📊 Strong book value (29,286 ₹) supports long-term asset strength.
Industry
- 🏭 Industry P/E at 30.6, much lower than JSWHL’s P/E, highlighting sector’s relative affordability.
- 🌍 Holding company structure tied to JSW Group provides exposure to diversified businesses.
Conclusion
📌 JSWHL is consolidating near support levels with weak RSI and strongly negative MACD signals. Entry around 17,500–18,000 ₹ offers limited risk, while resistance lies at 19,200–20,000 ₹. The stock remains highly overvalued with poor ROE/ROCE, making it more suitable for cautious short-term trades rather than long-term investment.