JYOTICNC - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.1

Here’s a full technical breakdown of Jyoti CNC Automation Ltd (JYOTICNC) based on current indicators and price behavior

📊 Trend Overview

Current Trend: Bearish to Neutral

Price Action: Trading below both 50 DMA (₹1,086) and 200 DMA (₹1,091) — confirms short-term weakness.

52W Index (37.4%): Price is well off its 52-week high (₹1,504), indicating a significant correction phase.

📈 Momentum Indicators

RSI (43.5): Neutral to weak — no clear reversal signal, but not oversold either.

MACD (-21.3): Strongly negative — confirms bearish momentum and lack of buying strength.

Volume: Significantly below 1-week average — suggests declining interest and low conviction.

📉 Volatility & Bands

Bollinger Bands: Price likely near lower band — hints at oversold conditions and potential short-term bounce.

Beta: High volatility — price may react sharply to sentiment or news.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 1,000–1,020 (recent base)

Strong Support 950–970 (historical demand zone)

Resistance 1 1,086 (50 DMA)

Resistance 2 1,091 (200 DMA)

Resistance 3 1,150–1,200 (gap zone)

🎯 Entry & Exit Zones

Optimal Entry: ₹1,000–₹1,030 (if price stabilizes and RSI shows divergence)

Exit / Profit Booking: ₹1,086–₹1,150 (if price rebounds toward moving averages)

🔍 Short-Term Signals

Momentum: Weak — MACD and volume trends suggest caution.

Trendline: Price breaking below key averages — no bullish crossover yet.

Consolidation: Possible near ₹1,000–₹1,030 zone — watch for volume spikes or RSI divergence.

Would you like to compare this with other industrial machinery stocks showing stronger setups or explore potential breakout candidates? I’ve got a few that might be worth a look.

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