JYOTICNC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | JYOTICNC | Market Cap | 17,056 Cr. | Current Price | 750 ₹ | High / Low | 1,331 ₹ |
| Stock P/E | 45.1 | Book Value | 97.3 ₹ | Dividend Yield | 0.00 % | ROCE | 21.5 % |
| ROE | 16.6 % | Face Value | 2.00 ₹ | DMA 50 | 779 ₹ | DMA 200 | 887 ₹ |
| Chg in FII Hold | -0.75 % | Chg in DII Hold | 0.29 % | PAT Qtr | 105 Cr. | PAT Prev Qtr | 78.9 Cr. |
| RSI | 48.1 | MACD | -4.84 | Volume | 4,99,829 | Avg Vol 1Wk | 10,33,987 |
| Low price | 687 ₹ | High price | 1,331 ₹ | PEG Ratio | 0.29 | Debt to equity | 0.18 |
| 52w Index | 9.81 % | Qtr Profit Var | 36.0 % | EPS | 16.6 ₹ | Industry PE | 32.4 |
📈 Chart Patterns: JYOTICNC is showing weak momentum, trading below both 50 DMA and 200 DMA, indicating bearish bias with consolidation near support zones.
📊 Moving Averages: Price below 50 DMA (779 ₹) and 200 DMA (887 ₹), confirming medium-term weakness.
📉 RSI: At 48.1, RSI reflects neutral-to-weak momentum, leaning towards bearish consolidation.
📉 MACD: Negative at -4.84, signaling bearish momentum.
📊 Bollinger Bands: Price near lower band, suggesting oversold conditions but lacking strong reversal signals.
📉 Volume Trends: Current volume (4.99L) is significantly below weekly average (10.3L), showing weak participation and lack of conviction.
🔑 Short-Term Momentum Signals: Bearish bias with weak recovery potential unless volume improves.
🎯 Entry Zone: 690–710 ₹ near recent support.
🎯 Exit Zone: 740–760 ₹ near short-term resistance.
📌 Trend Status: Reversing into bearish consolidation.
Positive
- Strong ROCE (21.5%) and ROE (16.6%).
- Low debt-to-equity ratio (0.18).
- PEG ratio of 0.29 indicates undervaluation relative to growth.
- Quarterly PAT growth from 78.9 Cr. to 105 Cr. (+36%).
Limitation
- Price below both 50 DMA and 200 DMA, confirming bearish trend.
- Weak RSI and negative MACD indicate lack of momentum.
- Volume significantly below average, limiting breakout potential.
- No dividend yield, reducing investor appeal.
Company Negative News
- Decline in FII holding (-0.75%).
- Weak technical signals despite strong fundamentals.
Company Positive News
- Strong quarterly PAT growth (+36%).
- DII holding increased (+0.29%).
- Fundamentals remain solid with low debt and strong ROCE/ROE.
Industry
- Industry PE at 32.4, lower than JYOTICNC’s P/E of 45.1, suggesting premium valuation.
- Sector momentum modest with 52-week index at 9.81%.
Conclusion
JYOTICNC is reversing into a bearish consolidation phase with weak momentum and declining volume. Entry near 690–710 ₹ offers defensive positioning, while exits around 740–760 ₹ capture short-term resistance. Strong fundamentals support long-term potential, but technical weakness and premium valuation warrant cautious trading.