JYOTICNC - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | JYOTICNC | Market Cap | 18,139 Cr. | Current Price | 798 ₹ | High / Low | 1,331 ₹ |
| Stock P/E | 51.8 | Book Value | 97.3 ₹ | Dividend Yield | 0.00 % | ROCE | 21.5 % |
| ROE | 16.6 % | Face Value | 2.00 ₹ | DMA 50 | 913 ₹ | DMA 200 | 975 ₹ |
| Chg in FII Hold | -0.21 % | Chg in DII Hold | 0.49 % | PAT Qtr | 78.9 Cr. | PAT Prev Qtr | 72.1 Cr. |
| RSI | 29.4 | MACD | -42.6 | Volume | 1,22,756 | Avg Vol 1Wk | 3,61,269 |
| Low price | 750 ₹ | High price | 1,331 ₹ | PEG Ratio | 0.33 | Debt to equity | 0.18 |
| 52w Index | 8.18 % | Qtr Profit Var | 13.4 % | EPS | 15.4 ₹ | Industry PE | 29.2 |
📊 Chart Patterns & Trend: The stock is trading at ₹798, significantly below its 50 DMA (₹913) and 200 DMA (₹975), reflecting a strong bearish trend. Price action is near the 52-week low of ₹750, suggesting oversold conditions and possible consolidation.
📈 Moving Averages: Both 50 DMA and 200 DMA are above the current price, confirming downward momentum. A recovery above ₹913 would be the first bullish signal.
📉 RSI: At 29.4, RSI is in oversold territory, indicating potential for a short-term rebound if buying emerges.
📉 MACD: Deeply negative at -42.6, showing strong bearish momentum. Trend remains weak until MACD narrows toward zero.
📊 Bollinger Bands: Price is near the lower band, suggesting limited downside and potential mean reversion toward ₹830–₹850.
📊 Volume Trends: Current volume (1.22 Lakh) is lower than average weekly volume (3.61 Lakh), showing reduced participation and lack of strong momentum.
🎯 Entry Zone: ₹770–₹800 (near support and oversold RSI).
🎯 Exit Zone: ₹880–₹920 (near 50 DMA resistance).
📌 Trend Status: Bearish with signs of consolidation. A reversal may occur if RSI rebounds and price sustains above ₹850–₹880.
Positive
- Strong ROCE (21.5%) and ROE (16.6%) indicate efficient capital use.
- PEG ratio of 0.33 suggests undervaluation relative to growth potential.
- Debt-to-equity ratio of 0.18 reflects financial stability.
- Quarterly PAT improved to ₹78.9 Cr from ₹72.1 Cr, showing earnings growth.
Limitation
- Stock P/E (51.8) is significantly higher than industry PE (29.2), indicating overvaluation.
- Price trading below both 50 DMA and 200 DMA confirms weak momentum.
- Low trading volume compared to average suggests lack of strong investor interest.
Company Negative News
- FII holdings decreased (-0.21%), showing reduced foreign investor confidence.
- Dividend yield is 0%, offering no income return for investors.
Company Positive News
- DII holdings increased (+0.49%), reflecting domestic institutional support.
- EPS at ₹15.4 remains strong compared to peers.
- Quarterly profit growth (+13.4%) indicates improving fundamentals.
Industry
- Industry PE at 29.2 is lower than the stock’s P/E, suggesting sector trades at more reasonable valuations.
- Despite premium valuation, JYOTICNC shows strong growth potential with low PEG ratio.
Conclusion
⚖️ JYOTICNC is currently in a bearish phase, trading below key moving averages with weak momentum. However, oversold RSI and improving quarterly profits provide potential for a short-term rebound. Entry near ₹770–₹800 offers favorable risk-reward, while exits around ₹880–₹920 align with resistance. Sustained buying and a move above ₹913 would confirm reversal toward bullish momentum.