Jayaswal Neco Industries Ltd Technical Momentum Shifts Signal Bullish Outlook

Technical Trend Overview and Price Movement

As of 10 Feb 2026, Jayaswal Neco Industries Ltd (stock code 745947) closed at ₹77.73, marking a 2.21% increase from the previous close of ₹76.05. The stock traded within a range of ₹75.69 to ₹78.40 during the day, reflecting moderate intraday volatility. While the 52-week high stands at ₹94.30 and the low at ₹26.06, the current price level indicates a recovery phase after a period of consolidation.

The technical trend has upgraded from mildly bullish to bullish, signalling increased buying interest and positive price momentum. This shift is supported by daily moving averages which remain bullish, indicating that short-term price averages are trending upwards and providing a foundation for further gains.

MACD and RSI: Divergent Signals

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced picture. On a weekly basis, the MACD remains mildly bearish, suggesting some caution among medium-term traders. However, the monthly MACD has turned bullish, reflecting stronger momentum over a longer horizon. This divergence implies that while short-term momentum may face resistance, the broader trend favours upward movement.

Relative Strength Index (RSI) readings for both weekly and monthly periods currently show no clear signal, hovering in neutral zones. This lack of overbought or oversold conditions suggests that the stock has room to move in either direction, but combined with other indicators, it leans towards a positive outlook.

Bollinger Bands and Moving Averages Confirm Strength

Bollinger Bands on both weekly and monthly charts are bullish, indicating that price volatility is accompanied by upward price pressure. The stock price is trading near the upper band, which often signals strong buying momentum. Daily moving averages reinforce this trend, with the short-term averages positioned above longer-term averages, a classic bullish configuration.

Additional Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) indicator shows a mildly bearish stance on the weekly chart but turns bullish on the monthly timeframe, mirroring the MACD’s mixed signals. Dow Theory assessments align with this, indicating a mildly bullish weekly trend and a bullish monthly trend, suggesting that the primary trend remains positive despite short-term fluctuations.

On-Balance Volume (OBV) does not currently exhibit a clear trend on either weekly or monthly charts, indicating that volume flow is not decisively favouring buyers or sellers. This neutral volume trend suggests that price movements are primarily driven by price action rather than volume surges.

Comparative Returns and Market Context

Jayaswal Neco’s price momentum is further contextualised by its impressive long-term returns relative to the Sensex. Over the past year, the stock has surged by 104.02%, vastly outperforming the Sensex’s 7.97% gain. Over three and five years, the stock’s returns stand at 247.79% and 1,339.44% respectively, dwarfing the Sensex’s 38.25% and 63.78% returns. Even over a decade, Jayaswal Neco has delivered a remarkable 902.97% return compared to the Sensex’s 249.97%.

However, short-term performance has been more volatile. The stock declined by 6.92% over the past month and is down 11.47% year-to-date, while the Sensex posted modest gains in these periods. This recent weakness may reflect sector-specific pressures or profit-taking after the strong rally in previous years.

Mojo Score and Rating Update

MarketsMOJO assigns Jayaswal Neco a Mojo Score of 68.0, reflecting a Hold rating, downgraded from a Buy on 20 Jan 2026. This adjustment signals a more cautious stance, likely influenced by recent price volatility and mixed technical signals. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation within its sector.

The Hold rating suggests that while the stock retains potential, investors should monitor technical developments closely before committing additional capital. The upgrade in technical trend to bullish offers some optimism, but the absence of strong volume confirmation and neutral RSI readings warrant prudence.

Sectoral and Industry Positioning

Operating within the Iron & Steel Products sector, Jayaswal Neco’s technical momentum is noteworthy given the sector’s cyclical nature. Steel prices and demand are influenced by global economic conditions, infrastructure spending, and raw material costs. The bullish monthly technical indicators may reflect improving fundamentals or expectations of sector recovery.

Investors should consider the broader macroeconomic environment and commodity price trends when analysing Jayaswal Neco’s prospects. The stock’s strong historical returns demonstrate its capacity to capitalise on sector upswings, but recent short-term weakness highlights the importance of timing entry points carefully.

Outlook and Investor Considerations

In summary, Jayaswal Neco Industries Ltd is exhibiting a technical momentum shift towards bullishness, supported by daily moving averages and Bollinger Bands, alongside a positive monthly MACD and Dow Theory confirmation. However, weekly MACD and KST indicators remain mildly bearish, and RSI readings are neutral, indicating some short-term uncertainty.

Investors should weigh these mixed signals against the stock’s impressive long-term returns and current valuation. The Hold rating from MarketsMOJO reflects this balanced view, suggesting that while the stock is not an immediate buy, it remains a viable candidate for accumulation on dips or as part of a diversified portfolio within the Iron & Steel sector.

Technical Indicators Summary Table

To encapsulate the technical landscape:

• MACD: Weekly - Mildly Bearish; Monthly - Bullish
• RSI: Weekly & Monthly - No Signal
• Bollinger Bands: Weekly & Monthly - Bullish
• Moving Averages: Daily - Bullish
• KST: Weekly - Mildly Bearish; Monthly - Bullish
• Dow Theory: Weekly - Mildly Bullish; Monthly - Bullish
• OBV: Weekly & Monthly - No Trend

This mixed but predominantly positive technical profile suggests that Jayaswal Neco is in a phase of transition, with longer-term bullish momentum gaining traction despite some short-term hesitations.

Price Momentum and Market Sentiment

The stock’s 7.72% return over the past week significantly outpaces the Sensex’s 2.94%, indicating renewed investor interest. However, the negative returns over the past month (-6.92%) and year-to-date (-11.47%) highlight recent profit-taking or sector headwinds. The strong outperformance over one, three, five, and ten-year periods underscores the stock’s resilience and growth potential.

Market participants should monitor upcoming quarterly results, sector developments, and global steel demand trends to gauge whether the bullish technical momentum can sustain and translate into fundamental gains.

Conclusion

Jayaswal Neco Industries Ltd’s technical parameters reveal a stock in the midst of a positive momentum shift, supported by bullish moving averages and monthly indicators. While some weekly signals advise caution, the overall trend favours accumulation for investors with a medium to long-term horizon. The Hold rating and Mojo Score of 68.0 reflect this balanced outlook, recommending careful monitoring and selective entry points.

Given the stock’s historical outperformance and current technical setup, Jayaswal Neco remains a noteworthy contender in the Iron & Steel Products sector, particularly for investors seeking exposure to cyclical recovery themes.

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