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SJVN - Technical Analysis with Chart Patterns & Indicators

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Rating: 2.7

Last Updated Time : 24 May 26, 10:34 pm

Technical Rating: 2.7

Stock Code SJVN Market Cap 28,758 Cr. Current Price 73.2 ₹ High / Low 106 ₹
Stock P/E 28.5 Book Value 37.4 ₹ Dividend Yield 2.00 % ROCE 10.0 %
ROE 7.06 % Face Value 10.0 ₹ DMA 50 75.1 ₹ DMA 200 80.6 ₹
Chg in FII Hold 0.06 % Chg in DII Hold -0.25 % PAT Qtr 125 Cr. PAT Prev Qtr 252 Cr.
RSI 42.8 MACD -0.38 Volume 21,53,025 Avg Vol 1Wk 47,60,431
Low price 63.0 ₹ High price 106 ₹ PEG Ratio -2.79 Debt to equity 0.72
52w Index 23.6 % Qtr Profit Var 308 % EPS 2.56 ₹ Industry PE 28.7

📈 Chart & Trend Analysis

  • Moving Averages: Current price (₹73.2) is below both 50 DMA (₹75.1) and 200 DMA (₹80.6), confirming bearish momentum.
  • RSI: At 42.8, the stock is in neutral-to-weak territory, not oversold yet.
  • MACD: Negative (-0.38), indicating mild bearish pressure.
  • Bollinger Bands: Price is near the lower band, suggesting weakness but potential for mean reversion.
  • Volume Trends: Current volume (21,53,025) is significantly below 1-week average (47,60,431), showing declining participation.

📊 Momentum & Signals

  • Short-term momentum: Weak, with limited buying interest.
  • Support Zone: ₹70 – ₹72 (near-term support).
  • Resistance Zone: ₹75 – ₹80 (DMA cluster and psychological barrier).
  • Entry Zone: ₹71 – ₹73 (near support, cautious entry).
  • Exit Zone: ₹75 – ₹80 (resistance levels).

📉 Trend Status

The stock is currently in a downtrend with weak momentum and low volume. Consolidation may occur near ₹70 – ₹72, but reversal requires stronger buying signals above ₹80.

✅ Positive

  • Dividend yield of 2.00% provides income stability.
  • Quarterly profit variation shows strong growth (308%).
  • Reasonable debt-to-equity ratio (0.72), manageable leverage.

⚠️ Limitation

  • ROE at 7.06% is relatively weak.
  • EPS at ₹2.56 is modest compared to valuation.
  • PEG ratio negative (-2.79), indicating poor growth-adjusted valuation.

📰 Company Negative News

  • DII holding decreased (-0.25%), showing reduced domestic institutional confidence.
  • PAT dropped sharply (₹125 Cr vs ₹252 Cr previous quarter).

🌟 Company Positive News

  • FII holding increased (+0.06%), reflecting slight foreign investor interest.
  • Dividend yield remains attractive at 2.00%.

🏦 Industry

  • Industry PE at 28.7, close to SJVN’s 28.5, suggesting fair valuation relative to peers.
  • Power sector demand remains steady with government focus on renewable energy expansion.

📌 Conclusion

SJVN is in a bearish trend with weak momentum and declining volume. Entry near ₹71 – ₹73 with exit around ₹75 – ₹80 is suitable for short-term traders. Long-term investors should weigh dividend stability against weak earnings growth and modest ROE.

Technical Analysis
Fundamental Analysis

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