Jyoti CNC Automation – Fundamental & Technical Analysis

## Jyoti CNC Automation – Fundamental & Technical Analysis **Current Price: ₹988.80 | Change: +4.11%** ### Technical Analysis Jyoti CNC has given a **strong bullish breakout above ₹928–930**, supported by rising volume. The price is making higher highs and higher lows, indicating improving momentum. * **Support:** ₹928–930 * **Immediate Resistance/Target:** ₹1,049 * **Next Target:** ₹1,150 * **Long-term Target:** ₹1,327 * **Stop Loss:** ₹900 on a closing basis * **MACD:** Bullish crossover with positive histogram, indicating strong momentum. * **RSI:** Around 76, showing strong momentum but also an **overbought condition**. Some consolidation or profit booking is possible. A sustained close above **₹1,000–1,049** can further strengthen the bullish trend. For fresh entry, buying near the **₹930–950 retest zone** may offer a better risk-reward opportunity than chasing the current price. ### Fundamental Analysis Jyoti CNC Automation operates in the **CNC machine-tool manufacturing** sector. The company can benefit from India's manufacturing expansion, automation, defence, aerospace, automobile and capital-expenditure cycles. For fundamental valuation, investors should track **revenue growth, profit growth, EBITDA/PAT margins, order book, ROCE/ROE, debt, cash flow and valuation**. These financial figures are not available in the chart, so a complete fundamental Buy rating cannot be given based only on the chart. ### Overall View **Technical Trend: 🟢 Bullish** **Momentum: Strong** **RSI: Overbought – caution on fresh buying** **Key Level: ₹928–930** **View:** Bullish above ₹930. A successful retest of ₹930–950 could provide a better entry. Above ₹1,049, the stock may move towards **₹1,150 and ₹1,327**. Maintain strict risk management because the high RSI increases the possibility of short-term profit booking.