JYOTHYLAB - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 2.8

Here’s a detailed technical analysis of Jyothy Labs Ltd. (JYOTHYLAB)

📊 Trend Overview

Current Trend: Reversing / Bearish Bias

Price is trading below both 50-DMA (₹335) and 200-DMA (₹364), indicating a sustained downtrend.

The 52-week index at 18.6% reflects a deep correction from its high of ₹573.

RSI at 37.6 is approaching oversold territory, suggesting weakening momentum but potential for a bounce.

MACD at -3.47 confirms bearish divergence.

📈 Moving Averages

50-DMA: ₹335 — Immediate resistance.

200-DMA: ₹364 — Long-term resistance.

Price Action: Current price of ₹325 is below both DMAs, reinforcing bearish sentiment.

📉 Momentum Indicators

RSI (14-day): 37.6 — Weak momentum, nearing oversold zone.

MACD: -3.47 — Bearish crossover, trend weakening.

Volume: 2.71 lakh vs 1-week avg of 2.89 lakh — Slightly below average, indicating low conviction.

📊 Bollinger Bands

Price likely near lower band — signals oversold conditions.

Potential for short-term bounce, but trend remains weak.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 315 Recent swing low

Support 2 300 Psychological support

Resistance 1 335 50-DMA, immediate resistance

Resistance 2 364 200-DMA, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹315–₹325 — Near support with tight stop-loss.

Exit Zone: ₹335–₹360 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Weak — MACD bearish, RSI near oversold.

Breakout Potential: Low — No volume surge or trendline breakout.

Bias: Bearish — Wait for reversal signals before entering.

🧭 Summary

JYOTHYLAB is currently reversing from a prior uptrend, with bearish momentum and price action below key moving averages. RSI and MACD suggest weakness, while low volume confirms lack of buying interest. Traders should wait for a confirmed bounce from ₹315 or a breakout above ₹335 before initiating positions.

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