Technical Trend Overview and Price Movement
As of 24 Feb 2026, Jindal Worldwide’s share price closed at ₹26.01, up from the previous close of ₹25.68. The intraday range saw a low of ₹25.36 and a high of ₹26.57, reflecting some volatility but limited upward momentum. The stock remains significantly below its 52-week high of ₹82.65, underscoring the steep correction it has undergone over the past year.
The technical trend has shifted from mildly bearish to bearish, signalling increased downside pressure. This is corroborated by the daily moving averages, which remain bearish, indicating that the short-term price action is still under selling pressure. The stock’s 52-week low stands at ₹23.00, suggesting that the current price is closer to the lower end of its trading range, which may act as a support level.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD remains mildly bullish, hinting at some underlying positive momentum in the medium term. However, the monthly MACD is bearish, reflecting longer-term weakness in the stock’s price trend. This divergence between weekly and monthly MACD readings suggests that while short-term momentum may be attempting a recovery, the broader trend remains negative.
The Know Sure Thing (KST) indicator aligns with this bearish outlook, showing bearish signals on both weekly and monthly charts. This reinforces the notion that momentum is weakening across multiple timeframes, which could weigh on the stock’s ability to sustain any rallies.
RSI and Overbought/Oversold Conditions
The Relative Strength Index (RSI) offers further nuance. On a weekly basis, the RSI does not currently generate a clear signal, indicating neither overbought nor oversold conditions. Conversely, the monthly RSI is bullish, suggesting that the stock may be recovering from oversold territory in the longer term. This could imply potential for a rebound if other technical factors align favourably.
Bollinger Bands and Volatility
Bollinger Bands on both weekly and monthly charts are mildly bearish, signalling that price volatility remains skewed towards the downside. The bands suggest that the stock price is trading near the lower band, which often acts as a dynamic support level but also indicates persistent selling pressure. Investors should monitor whether the price can break above the middle band to signal a potential shift in volatility and trend.
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On-Balance Volume and Dow Theory Signals
The On-Balance Volume (OBV) indicator shows no clear trend on the weekly chart but is mildly bullish on the monthly timeframe. This suggests that while recent trading volumes have not strongly supported price moves, there is some accumulation occurring over the longer term. This could provide a foundation for a potential recovery if buying interest intensifies.
Dow Theory assessments remain mildly bearish on both weekly and monthly charts, indicating that the broader market sentiment towards Jindal Worldwide is cautious. This aligns with the overall technical downgrade from a Strong Sell to a Sell rating, reflecting deteriorating momentum and increased risk.
Comparative Returns and Market Context
Jindal Worldwide’s recent returns highlight the challenges it faces relative to the broader market. Over the past week, the stock declined by 1.07%, while the Sensex edged up marginally by 0.02%. Over one month, however, Jindal Worldwide outperformed with a 9.56% gain compared to Sensex’s 2.15%, indicating some short-term resilience.
Year-to-date, the stock has fallen 10.92%, underperforming the Sensex’s 2.26% decline. The one-year return is particularly stark, with Jindal Worldwide down 63.54% against a 10.60% gain in the Sensex. Over three and five years, the stock has underperformed the benchmark by wide margins, though the ten-year return remains impressive at 772.82% versus Sensex’s 255.80%, reflecting strong long-term growth despite recent setbacks.
Valuation and Market Capitalisation
Jindal Worldwide holds a Market Cap Grade of 3, indicating a mid-tier market capitalisation relative to its peers in the Garments & Apparels sector. The company’s Mojo Score stands at 31.0, with a current Mojo Grade of Sell, upgraded from Strong Sell on 17 Nov 2025. This upgrade suggests some improvement in technical and fundamental factors, though the overall outlook remains cautious.
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Investor Takeaway and Outlook
Jindal Worldwide Ltd’s technical indicators collectively point to a cautious stance for investors. The shift from mildly bearish to bearish technical trends, combined with bearish moving averages and mixed momentum signals, suggests that the stock faces headwinds in the near term. While some monthly indicators such as RSI and OBV hint at potential longer-term recovery, the prevailing sentiment remains subdued.
Investors should weigh the stock’s significant underperformance relative to the Sensex over the past year and three years against its strong ten-year growth record. The current price near the 52-week low may offer a support zone, but confirmation of a sustained uptrend will require a break above key moving averages and a shift in momentum indicators.
Given the current Mojo Grade of Sell and the technical deterioration, a prudent approach would be to monitor for clearer bullish signals before increasing exposure. Diversification within the Garments & Apparels sector or exploring superior options identified through peer comparison tools may offer better risk-adjusted returns.
Summary of Key Technical Metrics:
- Current Price: ₹26.01 | 52-Week High: ₹82.65 | 52-Week Low: ₹23.00
- MACD: Weekly Mildly Bullish, Monthly Bearish
- RSI: Weekly No Signal, Monthly Bullish
- Bollinger Bands: Weekly & Monthly Mildly Bearish
- Moving Averages: Daily Bearish
- KST: Weekly & Monthly Bearish
- Dow Theory: Weekly & Monthly Mildly Bearish
- OBV: Weekly No Trend, Monthly Mildly Bullish
- Mojo Score: 31.0 | Mojo Grade: Sell (Upgraded from Strong Sell)
In conclusion, Jindal Worldwide Ltd’s technical landscape is characterised by a cautious bearish momentum with intermittent signs of recovery. Investors should remain vigilant and consider technical confirmations before committing to fresh positions in this stock.
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