JWL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.4

Here’s a detailed technical analysis of Jupiter Wagons Ltd. (JWL)

📊 Trend Overview

Current Trend: Reversing from Downtrend

The stock is trading just above its 50-DMA (₹342) but below the 200-DMA (₹381), suggesting a potential reversal from a bearish phase.

RSI at 57.7 indicates mild bullish momentum.

MACD at 0.65 is positive, signaling early signs of upward momentum.

However, the 52-week index at 23.5% and recent price action near ₹345 (down from ₹588 high) reflect a steep correction

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📈 Moving Averages

50-DMA: ₹342 — Short-term support.

200-DMA: ₹381 — Long-term resistance.

Price Action: Hovering near 50-DMA, attempting to build a base.

📉 Momentum Indicators

RSI (14-day): 57.7 — Neutral to mildly bullish.

MACD: 0.65 — Bullish crossover, but weak slope.

Volume: 7.4 lakh vs 1-week avg of 20.9 lakh — Significant drop, indicating low conviction.

📊 Bollinger Bands

Price likely near middle band — no breakout or squeeze pattern.

Suggests consolidation with potential for upward breakout if volume improves.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 342 50-DMA, short-term support

Support 2 325 Previous swing low

Resistance 1 365 Minor resistance zone

Resistance 2 381 200-DMA, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹340–₹345 — Near 50-DMA with tight stop-loss.

Exit Zone: ₹365–₹380 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Building — MACD positive, RSI rising.

Breakout Potential: Moderate — Needs volume confirmation.

Bias: Cautiously bullish — Watch for breakout above ₹365.

🧭 Summary

JWL is currently reversing from a prolonged downtrend, showing early signs of recovery. Price action near the 50-DMA and a positive MACD suggest potential upside, but weak volume and resistance at ₹381 warrant caution. Traders may consider entering near ₹340–₹345 and targeting ₹365–₹380 for exits.

Sources: StockPriceArchive

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, Trendlyne JWL Dashboard

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Would you like a peer comparison or alerts for breakout confirmation?

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stockpricearchive.com

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trendlyne.com

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