JUSTDIAL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.3
| Stock Code | JUSTDIAL | Market Cap | 6,110 Cr. | Current Price | 719 ₹ | High / Low | 1,050 ₹ |
| Stock P/E | 10.7 | Book Value | 574 ₹ | Dividend Yield | 0.00 % | ROCE | 7.11 % |
| ROE | 6.18 % | Face Value | 10.0 ₹ | DMA 50 | 740 ₹ | DMA 200 | 821 ₹ |
| Chg in FII Hold | -0.56 % | Chg in DII Hold | 0.25 % | PAT Qtr | 135 Cr. | PAT Prev Qtr | 119 Cr. |
| RSI | 44.5 | MACD | -2.85 | Volume | 1,76,948 | Avg Vol 1Wk | 1,78,644 |
| Low price | 700 ₹ | High price | 1,050 ₹ | PEG Ratio | 0.07 | Debt to equity | 0.02 |
| 52w Index | 5.43 % | Qtr Profit Var | 2.81 % | EPS | 65.2 ₹ | Industry PE | 30.4 |
📊 Chart Patterns: The stock is trading below both 50 DMA (740 ₹) and 200 DMA (821 ₹), showing weakness. Current price (719 ₹) is near support levels around 700–710 ₹, with resistance at 740–760 ₹.
📈 Moving Averages: Price below DMA 50 and DMA 200 confirms bearish bias. Trendline support visible near 700 ₹, resistance around 760–780 ₹.
📉 RSI (44.5): Weak momentum, leaning towards oversold territory, suggesting limited downside but no strong reversal yet.
📊 MACD (-2.85): 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 (1,76,948) is almost equal to 1-week average (1,78,644), showing stable participation without strong conviction.
🎯 Momentum Signals: Weak momentum with possible short-term rebound if price sustains above 720 ₹.
💡 Entry Zone: 700–720 ₹ (near support).
🚪 Exit Zone: 760–780 ₹ (resistance zone before 800 ₹).
📌 Trend Status: Stock is consolidating near support levels with bearish bias. Sustained move above 760 ₹ may signal recovery, while a break below 700 ₹ could extend downside.
Positive
- 📈 EPS (65.2 ₹) supports valuation strength.
- 📊 Low P/E ratio (10.7) compared to industry average (30.4), suggesting undervaluation.
- 🌍 DII holdings increased (+0.25%), showing domestic investor confidence.
- ⚖️ Debt-to-equity ratio at 0.02 indicates strong balance sheet stability.
- 📊 PEG ratio (0.07) suggests undervaluation relative to growth.
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA, showing technical weakness.
- ⚠️ RSI and MACD indicate bearish momentum.
- ⚠️ ROE (6.18%) and ROCE (7.11%) are modest compared to peers.
Company Negative News
- 📉 FII holdings reduced (-0.56%), reflecting weaker foreign investor sentiment.
- 📉 Stock trading near 52-week low (5.43% index strength).
Company Positive News
- 📈 PAT improved to 135 Cr. from 119 Cr. sequentially.
- 📊 EPS and book value (574 ₹) support long-term valuation strength.
- 🌍 DII inflows support investor sentiment.
Industry
- 🏭 Industry P/E at 30.4, much higher than JUSTDIAL’s P/E (10.7), highlighting relative undervaluation.
- 🌍 Digital services and tech sector supported by rising demand for online platforms and listings.
Conclusion
📌 JUSTDIAL is consolidating near support levels with weak RSI and negative MACD signals. Entry around 700–720 ₹ offers limited risk, while resistance lies at 760–780 ₹. The stock appears undervalued compared to industry peers, making it attractive for medium-term investors, though weak momentum and modest ROE/ROCE remain concerns.