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⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.

JINDALSTEL - IntraDay Trade Analysis

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

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📊 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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