JYOTHYLAB - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | JYOTHYLAB | Market Cap | 9,106 Cr. | Current Price | 248 ₹ | High / Low | 423 ₹ |
| Stock P/E | 25.9 | Book Value | 39.2 ₹ | Dividend Yield | 1.41 % | ROCE | 37.1 % |
| ROE | 29.0 % | Face Value | 1.00 ₹ | DMA 50 | 274 ₹ | DMA 200 | 319 ₹ |
| Chg in FII Hold | 0.66 % | Chg in DII Hold | -0.94 % | PAT Qtr | 87.8 Cr. | PAT Prev Qtr | 96.8 Cr. |
| RSI | 31.7 | MACD | -9.63 | Volume | 1,85,825 | Avg Vol 1Wk | 3,41,706 |
| Low price | 243 ₹ | High price | 423 ₹ | PEG Ratio | 0.67 | Debt to equity | 0.04 |
| 52w Index | 2.73 % | Qtr Profit Var | -16.4 % | EPS | 9.50 ₹ | Industry PE | 30.6 |
📊 Chart Patterns & Trend: The stock is trading at ₹248, well below both its 50 DMA (₹274) and 200 DMA (₹319), indicating a bearish trend. Price action is hovering near support levels around ₹243, suggesting possible consolidation before reversal attempts.
📈 Moving Averages: Both short-term (50 DMA) and long-term (200 DMA) averages are above the current price, confirming downward momentum. A move above ₹274 would be the first sign of recovery.
📉 RSI: At 31.7, RSI is approaching oversold territory, hinting at potential short-term bounce if buying interest emerges.
📉 MACD: Negative at -9.63, showing bearish momentum. Trend remains weak unless MACD turns positive.
📊 Bollinger Bands: Price is near the lower band, suggesting limited downside and possible mean reversion toward ₹260–₹270.
📊 Volume Trends: Current volume (1.85 Lakh) is lower than average weekly volume (3.41 Lakh), indicating reduced participation and lack of strong momentum.
🎯 Entry Zone: ₹243–₹250 (near strong support and oversold RSI).
🎯 Exit Zone: ₹270–₹280 (near 50 DMA resistance).
📌 Trend Status: Bearish with consolidation signs. A reversal may occur if RSI rebounds and price sustains above ₹260.
Positive
- Strong ROCE (37.1%) and ROE (29%) highlight excellent capital efficiency.
- Low debt-to-equity (0.04) ensures financial stability.
- Dividend yield of 1.41% provides steady income for investors.
- PEG ratio of 0.67 suggests reasonable valuation relative to growth.
Limitation
- Price trading below both 50 DMA and 200 DMA indicates weak momentum.
- Quarterly profit variation (-16.4%) shows earnings pressure.
- Volume below average suggests lack of strong investor participation.
Company Negative News
- PAT declined to ₹87.8 Cr from ₹96.8 Cr in the previous quarter.
- DII holdings decreased (-0.94%), reflecting reduced domestic institutional confidence.
Company Positive News
- FII holdings increased (+0.66%), showing foreign investor interest.
- EPS at ₹9.50 remains healthy compared to industry peers.
Industry
- Industry PE at 30.6 is slightly higher than the stock’s P/E (25.9), suggesting relative undervaluation.
- Sector remains premium-valued, but JYOTHYLAB trades at a discount.
Conclusion
⚖️ JYOTHYLAB is currently in a bearish phase, trading below key moving averages with weak momentum. However, oversold RSI and strong fundamentals provide potential for a short-term rebound. Entry near ₹243–₹250 offers favorable risk-reward, while exits around ₹270–₹280 align with resistance. Sustained buying and a move above ₹274 would confirm reversal toward bullish momentum.