Jindal Worldwide Ltd Faces Bearish Momentum Amid Technical Indicator Shifts

Technical Trend Overview

Recent analysis indicates that Jindal Worldwide’s technical trend has shifted from mildly bearish to outright bearish. The daily moving averages are firmly bearish, signalling downward pressure on the stock price. The Moving Average Convergence Divergence (MACD) presents a mixed picture: while the weekly MACD remains mildly bullish, the monthly MACD has turned bearish, suggesting that short-term momentum may be attempting a recovery but longer-term trends remain negative.

The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, hovering in neutral territory. This lack of momentum confirmation from RSI adds to the uncertainty, as the stock neither exhibits oversold nor overbought conditions.

Bollinger Bands and KST Indicators

Bollinger Bands further reinforce the bearish sentiment. On a weekly basis, the bands indicate a bearish trend, with the price gravitating towards the lower band, signalling increased volatility and downward pressure. The monthly Bollinger Bands are mildly bearish, suggesting that while the stock is under pressure, the intensity of the decline may be moderating.

The Know Sure Thing (KST) indicator, a momentum oscillator, is bearish on both weekly and monthly timeframes. This consistent bearishness across momentum indicators highlights the stock’s vulnerability to further declines in the near to medium term.

Volume and Dow Theory Signals

On-Balance Volume (OBV) shows no discernible trend on either weekly or monthly charts, indicating that volume is not confirming price movements. This absence of volume support weakens the conviction behind any price rallies.

Dow Theory assessments reveal a mildly bearish stance on the weekly chart, while the monthly chart shows no clear trend. This suggests that while short-term price action is negative, the longer-term market structure remains uncertain.

Price Performance and Market Comparison

Jindal Worldwide’s current price stands at ₹29.42, slightly down from the previous close of ₹29.50. The stock’s 52-week high was ₹94.19, with a low of ₹28.00, indicating a significant decline over the past year. Today’s trading range has been between ₹29.00 and ₹30.01, reflecting limited intraday volatility.

When compared to the broader market, the stock’s returns have been disappointing. Over the past week, Jindal Worldwide outperformed the Sensex with a 1.34% gain versus 0.88% for the benchmark. However, over one month, the stock declined by 6.75%, significantly underperforming the Sensex’s modest 0.32% loss. Year-to-date, the stock has gained 0.75%, slightly ahead of the Sensex’s 0.26% rise.

Longer-term returns paint a bleaker picture. Over one year, the stock has plummeted 66.48%, while the Sensex gained 7.85%. Over three years, Jindal Worldwide’s return is down 66.64%, contrasting sharply with the Sensex’s 41.57% gain. Even over five years, despite a positive 133.86% return, the stock lags behind the Sensex’s 76.39% gain, and over ten years, it has outperformed the Sensex with a remarkable 928.67% return compared to 234.01% for the benchmark. This disparity highlights the stock’s volatile and cyclical nature within the Garments & Apparels sector.

Mojo Score and Grade Analysis

Jindal Worldwide’s Mojo Score currently stands at 31.0, reflecting a weak technical and fundamental outlook. The Mojo Grade has been downgraded from Strong Sell to Sell as of 17 Nov 2025, signalling a deterioration in the stock’s quality and momentum. The Market Cap Grade is rated 3, indicating a mid-tier market capitalisation relative to peers in the Garments & Apparels sector.

This downgrade aligns with the bearish technical signals and the stock’s underperformance relative to the Sensex over multiple time horizons. Investors should note that the downgrade reflects both technical weakness and fundamental concerns within the company and sector.

Moving Averages and Daily Price Action

The daily moving averages are firmly bearish, with the stock trading below key averages such as the 50-day and 200-day moving averages. This technical positioning suggests that the stock is in a downtrend and may face resistance at these levels if it attempts to rally.

Today’s price action, with a high of ₹30.01 and a low of ₹29.00, shows limited volatility but a slight downward bias, consistent with the overall bearish technical environment.

Sector and Industry Context

Within the Garments & Apparels industry, Jindal Worldwide’s technical deterioration contrasts with some peers that have shown more resilience or positive momentum. The sector itself faces challenges from fluctuating raw material costs, changing consumer preferences, and global supply chain disruptions, which may be weighing on the stock’s performance.

Investors should consider these sectoral headwinds alongside the company’s technical signals when evaluating the stock’s prospects.

Investor Takeaway

Jindal Worldwide Ltd’s technical indicators collectively point to a bearish momentum shift, with multiple signals confirming downward pressure on the stock. The downgrade in Mojo Grade to Sell reflects this negative outlook, supported by weak moving averages, bearish KST, and deteriorating MACD on the monthly chart.

While the weekly MACD shows mild bullishness, this is insufficient to offset the broader negative trend. The absence of volume confirmation and neutral RSI readings add to the uncertainty, suggesting that any short-term rallies may lack strength.

Given the stock’s significant underperformance relative to the Sensex over one and three years, investors should approach Jindal Worldwide with caution. The company’s current valuation near its 52-week low and the bearish technical environment imply limited upside in the near term.

Investors seeking exposure to the Garments & Apparels sector may benefit from considering alternative stocks with stronger technical profiles and more favourable momentum.

Conclusion

In summary, Jindal Worldwide Ltd is exhibiting a clear shift towards bearish momentum, as evidenced by multiple technical indicators and a downgrade in its Mojo Grade. The stock’s price action, moving averages, and momentum oscillators collectively suggest that the downtrend may persist in the near term. Investors should weigh these technical signals carefully against sectoral challenges and broader market conditions before making investment decisions.

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