JINDALSTEL - IntraDay Trade Analysis
Last Updated Time : 02 Aug 25, 12:58 am
Back to IntraDay Trade List📊 Intraday Trade Rating: 4.1
JINDALSTEL shows a bullish bias for intraday trading today, supported by strong technical momentum and favorable price action. Here's the breakdown
⚙️ Technical & Momentum Snapshot
RSI (60.1): Bullish zone, indicating upward momentum.
MACD (13.0): Strong positive crossover, confirming trend strength.
Price Action: Trading well above 50 DMA (₹946) and 200 DMA (₹919), signaling sustained bullishness.
Volume: Lower than average, but price holding firm suggests accumulation.
✅ Optimal Buy Price (if not holding)
Buy Zone: ₹975–₹980 (near support and VWAP)
Stop Loss: ₹965 (below intraday support and 50 DMA buffer)
💰 Profit-Taking Levels
Target 1: ₹990 (minor resistance)
Target 2: ₹998–₹1,005 (pivot resistance zone)
🚪 Exit Strategy (if already holding)
🔻 Exit on Weakness
If price breaks below ₹970 with rising volume and MACD flattens, consider exiting.
Watch for bearish candlestick patterns near ₹975.
📈 Exit on Strength
If price crosses ₹990 with volume spike and RSI > 65, trail stop-loss upward and consider booking near ₹998.
🧠 Quick Sentiment Check
Valuation: P/E (28.0) slightly above industry average (22.4), but justified by EPS (₹27.6).
Fundamentals: ROCE (10.8%) and ROE (7.83%) are modest; recent PAT drop (-41%) may limit upside.
Trend: Bullish short-term; neutral-to-positive medium-term if ₹990 is sustained.
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