JINDALSAW - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Rating: 2.9

JINDALSAW is currently not an ideal candidate for intraday trading based on today's technical and momentum indicators. Here's a detailed breakdown

⚠️ Technical & Momentum Snapshot

RSI (35.4): Bearish zone, indicating weak momentum.

MACD (-3.21): Deeply negative, confirming bearish crossover.

Price Action: Trading below both 50 DMA (₹231) and 200 DMA (₹252), suggesting a downtrend.

Volume: Slightly above average, but not accompanied by bullish price movement.

Recent PAT Drop: Sharp decline in quarterly profit (₹479 Cr → ₹86.9 Cr), dampening sentiment.

📉 If Not Holding — Avoid Entry

No Buy Recommendation: Current setup lacks bullish triggers.

Wait For Reversal: Entry only if price reclaims ₹225+ with volume surge and MACD crossover.

📈 If Already Holding — Exit Strategy

🔻 Exit on Weakness

Support Zone: ₹212–₹215. If price breaks below ₹212 with rising volume, consider exiting.

Stop Loss: ₹210 (below intraday low)

📊 Exit on Strength

Resistance Zone: ₹220–₹225. If price approaches ₹225 with bullish momentum and MACD flattening, partial profit booking is advised.

🧠 Quick Sentiment Check

Valuation: P/E of 9.42 is attractive vs industry average (23.8), but fundamentals are weakening.

Debt-to-Equity: Healthy at 0.43, but not enough to offset poor earnings momentum.

Trend: Bearish short-term; neutral long-term if price stabilizes above ₹231.

Would you like me to track this stock for a potential reversal setup or suggest stronger intraday candidates from the steel sector?

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