JWL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.5

Here’s a detailed technical analysis of Jupiter Wagons Ltd (JWL) based on current indicators and price action

📊 Trend Overview

Current Trend: Bearish with signs of oversold conditions

Price Action: Trading below both 50 DMA (₹374) and 200 DMA (₹402) — confirms sustained downtrend.

52W Index (22.1%): Price is significantly below its 52-week high (₹632), indicating steep decline and underperformance.

📈 Momentum Indicators

RSI (32.9): Weak — nearing oversold territory, suggesting potential for short-term bounce but no reversal confirmation.

MACD (-8.41): Strongly negative — confirms bearish momentum and lack of buying strength.

Volume: Slightly above 1-week average — may indicate defensive buying or short covering, but not enough to shift trend.

📉 Volatility & Bands

Bollinger Bands: Price likely near lower band — signals oversold conditions and possible short-term bounce.

Beta: High volatility — price may react sharply to news or sector sentiment

1

.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 340–345 (recent base)

Strong Support 310 (historical support zone)

Resistance 1 374 (50 DMA)

Resistance 2 402 (200 DMA)

Resistance 3 450–470 (gap zone)

🎯 Entry & Exit Zones

Optimal Entry: ₹340–₹350 (if price stabilizes near support)

Exit / Profit Booking: ₹374–₹402 (if price rebounds toward moving averages)

🔍 Short-Term Signals

Momentum: Weak — RSI and MACD both suggest caution.

Trendline: Price breaking below key averages — no bullish crossover yet.

Consolidation: Possible near ₹340–₹350 zone — watch for volume spikes or RSI divergence.

Would you like to track this for a potential reversal setup or compare it with other auto component stocks showing stronger momentum? I’ve got a few ideas that might be worth exploring.

1

trendlyne.com

Edit in a page