JYOTHYLAB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.4
| Stock Code | JYOTHYLAB | Market Cap | 9,755 Cr. | Current Price | 266 ₹ | High / Low | 383 ₹ |
| Stock P/E | 28.2 | Book Value | 39.2 ₹ | Dividend Yield | 1.32 % | ROCE | 37.1 % |
| ROE | 29.0 % | Face Value | 1.00 ₹ | DMA 50 | 240 ₹ | DMA 200 | 282 ₹ |
| Chg in FII Hold | -0.42 % | Chg in DII Hold | -0.52 % | PAT Qtr | 81.1 Cr. | PAT Prev Qtr | 87.8 Cr. |
| RSI | 69.4 | MACD | 11.1 | Volume | 7,98,269 | Avg Vol 1Wk | 9,84,488 |
| Low price | 196 ₹ | High price | 383 ₹ | PEG Ratio | 0.73 | Debt to equity | 0.04 |
| 52w Index | 37.2 % | Qtr Profit Var | -7.20 % | EPS | 9.33 ₹ | Industry PE | 29.8 |
📈 Chart Patterns: JYOTHYLAB is showing strong upward momentum, trading well above 50 DMA but facing resistance near 282–290 ₹.
📊 Moving Averages: Price above 50 DMA (240 ₹) and approaching 200 DMA (282 ₹), indicating short-term bullish strength with medium-term resistance.
📉 RSI: At 69.4, RSI is near overbought territory, suggesting caution for fresh entries.
📈 MACD: Positive at 11.1, confirming bullish momentum.
📊 Bollinger Bands: Price near upper band, signaling strong momentum but risk of pullback.
📉 Volume Trends: Current volume (7.98L) below weekly average (9.84L), showing reduced participation despite price strength.
🔑 Short-Term Momentum Signals: Bullish bias supported by MACD and RSI, but overbought signals suggest limited upside without consolidation.
🎯 Entry Zone: 258–266 ₹ near support and current price.
🎯 Exit Zone: 278–290 ₹ near resistance and 200 DMA.
📌 Trend Status: Trending upward with near-term overbought caution.
Positive
- Strong ROCE (37.1%) and ROE (29%).
- Low debt-to-equity (0.04).
- PEG ratio of 0.73 indicates attractive valuation relative to growth.
- Dividend yield of 1.32% adds investor appeal.
Limitation
- Quarterly profit variation of -7.2% indicates earnings pressure.
- FII holding declined (-0.42%), showing reduced foreign investor confidence.
- Price near overbought RSI levels, limiting upside potential.
- Volume below average, reducing breakout conviction.
Company Negative News
- Sequential decline in PAT (81.1 Cr. vs 87.8 Cr.).
- Reduction in institutional holdings (FII and DII).
Company Positive News
- Strong fundamentals with consistent ROCE and ROE.
- Dividend yield supports long-term investor interest.
Industry
- Industry PE at 29.8, slightly above JYOTHYLAB’s P/E of 28.2, suggesting fair valuation.
- Sector momentum strong with 52-week index at 37.2%.
Conclusion
JYOTHYLAB is trending upward with strong fundamentals and bullish technical signals. Entry near 258–266 ₹ offers favorable positioning, while exits around 278–290 ₹ capture resistance levels. Overbought RSI and declining institutional participation warrant cautious optimism, making risk-managed trades essential.