JWL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | JWL | Market Cap | 12,975 Cr. | Current Price | 303 ₹ | High / Low | 457 ₹ |
| Stock P/E | 46.2 | Book Value | 65.8 ₹ | Dividend Yield | 0.33 % | ROCE | 21.5 % |
| ROE | 17.0 % | Face Value | 10.0 ₹ | DMA 50 | 310 ₹ | DMA 200 | 338 ₹ |
| Chg in FII Hold | 0.06 % | Chg in DII Hold | -0.28 % | PAT Qtr | 52.7 Cr. | PAT Prev Qtr | 32.9 Cr. |
| RSI | 46.0 | MACD | 2.48 | Volume | 1,14,60,607 | Avg Vol 1Wk | 55,35,491 |
| Low price | 247 ₹ | High price | 457 ₹ | PEG Ratio | 0.49 | Debt to equity | 0.21 |
| 52w Index | 26.6 % | Qtr Profit Var | -40.5 % | EPS | 6.61 ₹ | Industry PE | 50.0 |
📊 Chart Patterns & Trend: The stock is currently trading at ₹303, below both its 50 DMA (₹310) and 200 DMA (₹338), indicating mild bearish pressure. Price action suggests consolidation near support zones.
📈 Moving Averages: Short-term trend is weak as the price is under both 50 DMA and 200 DMA. A crossover above ₹310 would signal momentum recovery.
📉 RSI: At 46, RSI is neutral, neither overbought nor oversold. This suggests sideways consolidation with potential for upward momentum if volume sustains.
📊 MACD: Positive at 2.48, showing early bullish divergence. Momentum could strengthen if price sustains above ₹310.
📊 Bollinger Bands: Price is near the lower band, indicating limited downside and potential for mean reversion toward ₹320–₹330.
📊 Volume Trends: Current volume (1.14 Cr) is significantly higher than average weekly volume (55.3 Lakh), suggesting accumulation and possible breakout attempts.
🎯 Entry Zone: ₹295–₹305 (near support and lower Bollinger band).
🎯 Exit Zone: ₹335–₹345 (near resistance and 200 DMA).
📌 Trend Status: Consolidating with mild bullish bias. Breakout above ₹310–₹315 could trigger short-term uptrend.
Positive
- Strong ROCE (21.5%) and ROE (17%) indicate efficient capital use.
- PEG ratio of 0.49 suggests undervaluation relative to growth.
- Low debt-to-equity (0.21) supports financial stability.
- High trading volume signals investor interest.
Limitation
- Stock P/E (46.2) is slightly below industry PE (50), but still high compared to fundamentals.
- Price below both 50 DMA and 200 DMA indicates weak momentum.
- Quarterly profit variation (-40.5%) raises concerns on earnings consistency.
Company Negative News
- Recent quarterly profit decline compared to previous quarter.
- DII holdings decreased (-0.28%), showing reduced domestic institutional confidence.
Company Positive News
- PAT improved to ₹52.7 Cr from ₹32.9 Cr in the previous quarter.
- FII holdings increased (+0.06%), showing foreign investor interest.
Industry
- Industry PE at 50 indicates sector is valued at premium levels.
- Stock PEG ratio suggests better growth potential compared to peers.
Conclusion
⚖️ JWL is consolidating near support levels with neutral RSI and positive MACD divergence. Entry near ₹295–₹305 offers favorable risk-reward, while exits around ₹335–₹345 align with resistance. Sustained volume and breakout above ₹310–₹315 could confirm trend reversal toward bullish momentum.