Jolly Plastic Industries Technical Analysis

Jolly Plastic Industries Ltd Technical Analysis

Jolly Plastic Industries Ltd technical analysis is gaining attention among traders and investors tracking Jolly Plastic Industries Ltd Technical Analysis trends in the Indian stock market. Jolly Plastic Industries Ltd (NSE: , BSE: 507968) is currently trading at ₹30.92, showing a 4.99% move as of Tue, Mar 17, 2026.

This detailed Jolly Plastic Industries Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Jolly Plastic Industries Ltd Stock Overview

Jolly Plastic Industries Ltd operates in the Distribution services sector under the Wholesale distributors industry. With a market capitalization of ₹206.43M and a PE ratio of 80.08, Jolly Plastic Industries Ltd remains a key stock to watch in Jolly Plastic Industries Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹206.43M
• PE Ratio: 80.08
• Dividend Yield: 0
• Sector: Distribution services
• Industry: Wholesale distributors

These fundamentals play an important role in Jolly Plastic Industries Ltd technical analysis and valuation tracking.

Jolly Plastic Industries Ltd Support and Resistance Levels

Classic Pivot Levels

In Jolly Plastic Industries Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 44.30
• Resistance 2: 34.43
• Resistance 1: 30.87
• Pivot Point: 24.56
• Support 1: 21.00
• Support 2: 14.69
• Support 3: 4.82

Conditional Insight

Jolly Plastic Industries Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 21.00 and 14.69.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Jolly Plastic Industries Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 34.43
• Fibonacci R2: 30.66
• Fibonacci R1: 28.33
• Fibonacci Pivot: 24.56
• Fibonacci S1: 20.79
• Fibonacci S2: 18.46
• Fibonacci S3: 14.69

Jolly Plastic Industries Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Jolly Plastic Industries Ltd Moving Average Analysis

Moving averages are key indicators in Jolly Plastic Industries Ltd technical analysis for identifying trend direction.

• 10 EMA: 27.32
• 20 EMA: 26.93
• 30 EMA: 28.68
• 50 EMA: 36.10
• 100 EMA: 55.14
• 200 EMA: 81.23

Trend Logic

Jolly Plastic Industries Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Jolly Plastic Industries Ltd technical analysis remains positive above 200 EMA.

Jolly Plastic Industries Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 42.21
• MACD: -0.56
• Signal: -1.36
• ADX: 31.33
• Momentum: -0.77

RSI Logic

Jolly Plastic Industries Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Jolly Plastic Industries Ltd technical analysis indicates bearish momentum with MACD below signal line.

Jolly Plastic Industries Ltd Overall Recommendation

• Overall Recommendation Score: -0.33
• Moving Average Recommendation: -0.67
• Other Indicators Recommendation: 0

Overall Jolly Plastic Industries Ltd technical analysis sentiment remains neutral with mixed signals.

Jolly Plastic Industries Ltd Technical Analysis Conclusion

Jolly Plastic Industries Ltd technical analysis suggests that traders should closely monitor price action around ₹30.92 and key pivot level 24.56. Breakouts above resistance or breakdown below support will define the next trend in Jolly Plastic Industries Ltd technical analysis.

Investors searching for Jolly Plastic Industries Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Jolly Plastic Industries Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.