JYOTICNC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | JYOTICNC | Market Cap | 14,935 Cr. | Current Price | 657 ₹ | High / Low | 1,331 ₹ |
| Stock P/E | 39.5 | Book Value | 97.3 ₹ | Dividend Yield | 0.00 % | ROCE | 21.5 % |
| ROE | 16.6 % | Face Value | 2.00 ₹ | DMA 50 | 740 ₹ | DMA 200 | 858 ₹ |
| Chg in FII Hold | -0.75 % | Chg in DII Hold | 0.29 % | PAT Qtr | 105 Cr. | PAT Prev Qtr | 78.9 Cr. |
| RSI | 28.6 | MACD | -26.0 | Volume | 12,65,228 | Avg Vol 1Wk | 10,96,422 |
| Low price | 648 ₹ | High price | 1,331 ₹ | PEG Ratio | 0.25 | Debt to equity | 0.18 |
| 52w Index | 1.30 % | Qtr Profit Var | 36.0 % | EPS | 16.6 ₹ | Industry PE | 31.8 |
📈 Chart Patterns: JYOTICNC is trading near its 52-week low (657 ₹ vs 648 ₹), showing a steep decline from the high of 1,331 ₹. Trendlines confirm a bearish channel with failed recovery attempts.
📊 Moving Averages: Current price (657 ₹) is below both DMA 50 (740 ₹) and DMA 200 (858 ₹), signaling strong bearish momentum.
📉 RSI: At 28.6, RSI indicates oversold conditions, suggesting potential for a short-term rebound.
📌 MACD: Negative at -26.0, confirming bearish momentum and lack of strength in recovery.
📈 Bollinger Bands: Price is near the lower band, highlighting oversold territory and possible bounce attempts.
🔎 Volume Trends: Current volume (12.6 lakh) is slightly above average (10.9 lakh), showing mild participation but not strong conviction.
🎯 Momentum Signals: Bearish bias dominates, though oversold RSI and lower Bollinger Band hint at short-term rebound potential.
📍 Entry Zone: 640–660 ₹ (support near 52-week low).
📍 Exit Zone: 720–740 ₹ (resistance near DMA 50).
📊 Trend Status: Reversing into bearish consolidation; potential reversal only if price sustains above 740 ₹.
Positive
- Strong ROCE (21.5%) and ROE (16.6%).
- PEG ratio of 0.25 indicates undervaluation relative to growth.
- Quarterly PAT growth (+36%) shows improving profitability.
Limitation
- Price trading below both DMA 50 and DMA 200.
- Weak RSI and negative MACD confirm bearish momentum.
- No dividend yield (0%), limiting investor appeal.
Company Negative News
- FII holding declined (-0.75%).
- Stock underperforming sector with 52w Index at just 1.30%.
Company Positive News
- PAT growth from ₹78.9 Cr. to ₹105 Cr. (+36%).
- DII holding increased (+0.29%).
- Strong fundamentals with low debt-to-equity (0.18).
Industry
- Industry PE at 31.8, lower than JYOTICNC’s P/E of 39.5, suggesting premium valuation.
- Sector momentum modest, limiting upside potential.
Conclusion
⚖️ JYOTICNC is reversing into a bearish consolidation phase with weak momentum and declining institutional support. Entry near 640–660 ₹ offers defensive positioning, while exits around 720–740 ₹ capture short-term resistance. Strong fundamentals support long-term potential, but technical weakness and premium valuation warrant cautious trading.
Would you like me to sharpen this into a short-term intraday rebound setup with tighter stop-loss levels, or expand it into a long-term investment overlay integrating valuation and growth metrics?