JSW Holdings Ltd Technical Momentum Shifts Amid Bearish Signals

Technical Momentum Shifts and Current Price Action

As of 25 Feb 2026, JSW Holdings Ltd closed at ₹17,200.00, down marginally by 0.37% from the previous close of ₹17,263.60. The stock’s intraday range was between ₹16,860.00 and ₹17,200.00, reflecting subdued trading activity. This price level remains significantly below its 52-week high of ₹27,760.50, while comfortably above the 52-week low of ₹15,398.00, indicating a wide trading band over the past year.

The recent technical trend has deteriorated from mildly bearish to outright bearish, signalling increased selling pressure. This shift is corroborated by multiple technical indicators across different time frames, suggesting a weakening price momentum.

MACD and RSI: Bearish Signals Dominate

The Moving Average Convergence Divergence (MACD) indicator remains bearish on the weekly chart and mildly bearish on the monthly chart. The weekly MACD histogram continues to show negative momentum, indicating that the short-term moving average is below the longer-term average, a classic sign of downward momentum. Meanwhile, the monthly MACD, though only mildly bearish, suggests that the longer-term trend is also under pressure but not yet decisively negative.

The Relative Strength Index (RSI) further confirms this bearish outlook. On the weekly scale, the RSI is in bearish territory, indicating that the stock is experiencing selling momentum and is potentially approaching oversold conditions. However, the monthly RSI does not currently provide a clear signal, implying that longer-term momentum remains uncertain.

Moving Averages and Bollinger Bands Confirm Downtrend

Daily moving averages for JSW Holdings are firmly bearish, with the stock trading below its key short-term and medium-term averages. This alignment typically signals a continuation of the downtrend unless a significant reversal occurs. The Bollinger Bands on the weekly chart also support this bearish stance, with the price hugging the lower band, indicating increased volatility and downward pressure. Interestingly, the monthly Bollinger Bands show a mildly bullish signal, suggesting some potential for longer-term consolidation or recovery, but this is overshadowed by the more immediate bearish signals.

Additional Technical Indicators: KST, Dow Theory, and OBV

The Know Sure Thing (KST) indicator, which aggregates multiple rate-of-change measures, is bearish on the weekly chart and mildly bearish on the monthly chart. This aligns with the MACD and RSI signals, reinforcing the view of weakening momentum. The Dow Theory analysis presents a mildly bullish signal on the weekly timeframe but shows no clear trend on the monthly scale, indicating some short-term resilience amid the broader bearish context.

On the volume front, the On-Balance Volume (OBV) indicator is mildly bullish weekly but neutral monthly. This suggests that while there is some accumulation by volume in the short term, it is insufficient to reverse the prevailing downtrend.

Comparative Performance: JSW Holdings vs Sensex

JSW Holdings’ recent returns paint a mixed picture when compared to the benchmark Sensex. Over the past week, the stock has declined by 2.63%, underperforming the Sensex’s 1.47% drop. However, over the last month, JSW Holdings has outperformed with a 3.24% gain against the Sensex’s 0.84% rise.

Year-to-date, the stock has fallen 15.31%, significantly lagging the Sensex’s 3.51% decline, reflecting the recent technical weakness. Over the last year, JSW Holdings has delivered an 8.01% return, slightly below the Sensex’s 10.44%. The longer-term performance remains impressive, with three-year and five-year returns of 338.23% and 360.71% respectively, vastly outperforming the Sensex’s 38.28% and 61.92%. Over a decade, the stock has surged 1,628.64%, dwarfing the Sensex’s 256.13% gain, underscoring its strong historical growth trajectory despite current headwinds.

Mojo Score and Ratings Update

MarketsMOJO currently assigns JSW Holdings a Mojo Score of 21.0, categorising it as a Strong Sell. This represents a downgrade from the previous Sell rating as of 1 Jan 2026, reflecting the deteriorating technical and fundamental outlook. The Market Cap Grade stands at 3, indicating a mid-tier valuation relative to peers. The downgrade is consistent with the bearish technical signals and recent price underperformance.

Investor Takeaway and Outlook

JSW Holdings Ltd’s technical indicators collectively signal a bearish momentum shift, with weekly and daily charts showing increased selling pressure. The MACD, RSI, moving averages, and KST all point towards a continuation of the downtrend in the near term. While some monthly indicators such as Bollinger Bands and Dow Theory suggest mild bullishness or neutral trends, these are insufficient to offset the dominant bearish signals.

Investors should be cautious given the stock’s recent underperformance relative to the Sensex, especially year-to-date. The downgrade to a Strong Sell rating by MarketsMOJO further emphasises the need for prudence. However, the company’s impressive long-term returns and historical resilience may offer opportunities for patient investors willing to weather short-term volatility.

In summary, JSW Holdings currently faces technical headwinds that warrant close monitoring. A sustained break above key moving averages and improvement in momentum indicators would be required to signal a reversal. Until then, the prevailing technical landscape suggests a cautious stance.

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