SJVN - Technical Analysis

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

Technical Rating: 2.3

Here’s a breakdown of SJVN’s technical setup and short-term outlook

📉 Trend Analysis

Current Trend: Reversing to bearish

Price Action: Trading below both 50 DMA (₹98.1) and 200 DMA (₹102), indicating downward momentum.

Volume: Slightly below average, suggesting weakening interest or indecision.

📊 Key Indicators

RSI (41.3): Weak momentum, approaching oversold territory but not yet a reversal signal.

MACD (-0.66): Bearish crossover confirmed, momentum is negative.

Bollinger Bands: Price nearing lower band, indicating potential short-term support but also weakness.

Volume Trend: Declining volume with falling price = lack of conviction in selling, but no bullish reversal yet.

📈 Moving Averages

Indicator Value Signal

50 DMA ₹98.1 Resistance

200 DMA ₹102 Strong Resistance

Current Price ₹96.2 Below both averages

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 94.5–95.2 Near-term cushion, tested recently

Support 2 90–91 Stronger base, aligns with Bollinger lower band

Resistance 1 98.1 50 DMA, short-term ceiling

Resistance 2 102 200 DMA, trend-defining level

Resistance 3 108–110 Previous swing highs

🚦 Momentum Signals

Short-Term: Weak bearish momentum, no strong reversal signs yet.

Entry Zone: ₹91–94 (if price stabilizes with volume support)

Exit Zone: ₹98–102 (watch for rejection at moving averages)

⚠️ Overall Outlook

Pattern: Breakdown from recent highs, forming lower highs and lower lows.

Phase: Reversal in progress, not yet consolidating.

Risk Factors: Negative quarterly PAT, high debt-to-equity (1.91), and PEG ratio (-6.81) suggest fundamental weakness.

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