SJVN - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

Here’s a detailed technical analysis of SJVN Ltd

📊 Trend Overview

Current Trend: The stock is in a mild downtrend, trading below both its 50-DMA (₹95.2) and 200-DMA (₹99.6), indicating short-term and medium-term weakness.

52-Week Positioning: At 24.6% of its 52-week range (₹80.5 – ₹135), the stock is near the lower end, suggesting significant retracement from highs and limited bullish conviction.

📈 Momentum Indicators

RSI (47.6): Slightly bearish. Below 50 implies weak momentum, though not yet oversold.

MACD (-0.49): Bearish. Negative crossover confirms fading momentum and lack of reversal signals.

Volume: Current volume (36.4L) is slightly below the 1-week average (37.5L), indicating subdued participation and no signs of accumulation.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating between ₹90 and ₹96, forming a descending triangle pattern. Breakdown risk remains unless momentum improves.

Support Levels

₹90 – psychological support and recent swing low

₹85 – next demand zone if breakdown occurs

Resistance Levels

₹95.2 – 50-DMA and short-term ceiling

₹99.6 – 200-DMA and medium-term resistance

📌 Bollinger Bands

Price is near the lower band, suggesting oversold conditions. Bands are narrowing, indicating low volatility and potential for a breakout or breakdown.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 90–93 Near support and potential bounce zone

Exit (Short) 95–96 Resistance zone, near 50-DMA

Exit (Long) 99–102 If breakout sustains above ₹96

🔍 Market Behavior

Trending: Mild downtrend, confirmed by MACD and price below DMAs.

Consolidating: Yes, price is range-bound between ₹90–₹96.

Reversing: Not yet. Indicators suggest continued weakness unless RSI rebounds and MACD flattens.

🧠 Summary

SJVN is technically weak, consolidating near its lower range with bearish momentum. RSI and MACD confirm downside pressure, and volume trends are soft. Traders may consider speculative accumulation near ₹90–₹93 with tight stop-losses and monitor for a breakout above ₹96 for confirmation of trend reversal toward ₹102.

Let me know if you'd like to compare this setup with other PSU energy stocks or explore dividend-focused plays.

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