JYOTICNC - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:55 pm

Technical Rating: 3.3

📊 Chart patterns & trend: JYOTICNC is hovering around its 50 DMA (952 ₹) but below the 200 DMA (997 ₹), signaling mixed momentum after a pullback from 1,416 ₹. Price is basing near 940–960 ₹, indicating consolidation with mild bearish bias.

📈 Moving averages: Current price (955 ₹) is slightly above the 50 DMA but below the 200 DMA. A strong close above 997–1,000 ₹ would turn momentum constructive; a slip below 940 ₹ risks further downside.

📉 RSI: At 40.2, RSI is weak but not oversold, suggesting limited near-term strength unless buyers step in.

📉 MACD: Negative at -6.18, reflecting bearish undertones and absence of a bullish crossover.

📊 Bollinger Bands: Price action is likely near the mid-to-lower band, consistent with consolidation; a push above the mid-band would aid a move toward the 200 DMA.

🔊 Volume trends: Volume (2,85,609) is modestly above the 1-week average (2,64,485), hinting at interest near support but not yet a decisive accumulation surge.

🎯 Short-term momentum: Mixed—support at the 50 DMA with weak RSI and negative MACD. Watch for a high-volume reclaim of 997–1,000 ₹ to confirm a momentum shift.

💹 Entry zone: 930–955 ₹ (near 50 DMA and horizontal support; tight risk below 930 ₹).

💹 Exit zone: 995–1,030 ₹ (resistance around 200 DMA and recent supply).

📌 Overall trend: Consolidating with a mild bearish tilt; needs a breakout above the 200 DMA on rising volume to re-attempt an uptrend.

Positive

• Institutional flows: FII (+2.45%) and DII (+2.57%) increases signal strengthening institutional interest.
• Profit growth: PAT rose to 78.9 Cr. from 72.1 Cr. with quarterly profit variation of 13.4%.
• Efficiency: ROCE 21.5% and ROE 16.6% indicate strong operating performance.
• Balance sheet: Low debt-to-equity (0.18) and favorable PEG (0.40) support the growth narrative.

Limitation

• Valuation: High P/E of 62.0 vs industry 33.2 suggests a rich multiple.
• Technical: Trading below the 200 DMA with negative MACD caps immediate upside.
• Income: Dividend yield of 0.00% offers no carry.

Company Negative News

• None specific disclosed: Key watchpoints are elevated valuation and sub-200 DMA structure impacting near-term sentiment.

Company Positive News

• Institutional support: Notable rise in both FII and DII holdings.
• Earnings momentum: Sequential PAT improvement aligns with growth expectations.

Industry

• Sector valuation: Industry PE around 33.2 indicates peers trade at lower multiples.
• Backdrop: Capital goods/precision engineering benefits from manufacturing capex cycles; demand can be cyclical and sentiment-sensitive.

Conclusion

⚖️ Setup is a consolidation near the 50 DMA with a ceiling at the 200 DMA. Entries at 930–955 ₹ provide defined risk; aim to scale out at 995–1,030 ₹. A decisive, high-volume close above ~1,000 ₹ would improve momentum; failure to reclaim may retest 930–940 ₹ support.