JWL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.7
| Stock Code | JWL | Market Cap | 12,701 Cr. | Current Price | 298 ₹ | High / Low | 419 ₹ |
| Stock P/E | 52.6 | Book Value | 65.4 ₹ | Dividend Yield | 0.34 % | ROCE | 21.5 % |
| ROE | 17.0 % | Face Value | 10.0 ₹ | DMA 50 | 282 ₹ | DMA 200 | 307 ₹ |
| Chg in FII Hold | -0.29 % | Chg in DII Hold | 0.03 % | PAT Qtr | 58.3 Cr. | PAT Prev Qtr | 52.7 Cr. |
| RSI | 59.9 | MACD | 2.16 | Volume | 84,49,429 | Avg Vol 1Wk | 56,79,233 |
| Low price | 236 ₹ | High price | 419 ₹ | PEG Ratio | 0.55 | Debt to equity | 0.21 |
| 52w Index | 33.7 % | Qtr Profit Var | -40.4 % | EPS | 5.67 ₹ | Industry PE | 57.5 |
📈 Chart Patterns: JWL is forming higher highs and higher lows, confirming a bullish channel. No reversal signals are visible.
📊 Moving Averages: Current price (298 ₹) is above DMA 50 (282 ₹) and slightly below DMA 200 (307 ₹). Short-term momentum is strong, but medium-term resistance remains.
📉 RSI: At 59.9, RSI indicates healthy bullish momentum without being overbought.
📌 MACD: Positive at 2.16, showing upward momentum continuation, though divergence is modest.
📈 Bollinger Bands: Price is near the upper band, suggesting strong buying interest but potential short-term consolidation.
🔎 Volume Trends: Current volume (84.5 lakh) is well above average (56.7 lakh), signaling strong accumulation and institutional activity.
🎯 Momentum Signals: Bullish bias supported by volume surge and RSI strength. MACD confirms trend continuation.
📍 Entry Zone: 282–290 ₹ (near DMA 50 support).
📍 Exit Zone: 360–380 ₹ (resistance cluster before 419 ₹ high).
📊 Trend Status: Trending upward with strong momentum; not consolidating or reversing.
Positive
- Strong volume breakout above DMA 50.
- MACD and RSI confirm bullish momentum.
- Price supported by moving averages.
Limitation
- Quarterly profit variation (-40.4%) raises caution.
- High P/E (52.6) compared to fundamentals.
- Near upper Bollinger Band — risk of short-term pullback.
Company Negative News
- Decline in quarterly profit margins.
- FII holding reduced (-0.29%).
Company Positive News
- Consistent ROCE (21.5%) and ROE (17%).
- EPS stability with sector outperformance (52w Index 33.7%).
- Strong volume surge indicates accumulation.
Industry
- Industry PE at 57.5 reflects premium valuations.
- Sector momentum remains strong with investor confidence.
Conclusion
JWL is in a bullish trend with strong technical signals. Entry near 282–290 ₹ offers favorable risk-reward, while exits around 360–380 ₹ are prudent. Despite high valuations and profit variation, momentum and sector strength support a positive outlook.
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