JSL - IntraDay Trade Analysis

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

📊 Intraday Trade Rating: 3.8

Jindal Stainless Ltd (JSL) presents a moderately favorable setup for intraday trading today, with a few cautionary signals. Here's a detailed breakdown

⚙️ Technical & Momentum Snapshot

RSI (50.0): Neutral zone, suggesting indecision in momentum.

MACD (-2.83): Bearish crossover, but flattening—watch for reversal.

Volume: Significantly above average (2.7x), indicating strong participation.

Price Action: Trading above both 50 DMA (₹670) and 200 DMA (₹657), signaling bullish undertone.

✅ Optimal Buy Price (if not holding)

Buy Zone: ₹672–₹675 (near support and VWAP)

Stop Loss: ₹665 (below 200 DMA and intraday support)

💰 Profit-Taking Levels

Target 1: ₹685 (minor resistance)

Target 2: ₹692–₹695 (pivot resistance zone)

🚪 Exit Strategy (if already holding)

🔻 Exit on Weakness

If price breaks below ₹670 with rising volume and MACD remains negative, consider exiting.

Watch for bearish engulfing candles or breakdown below VWAP.

📈 Exit on Strength

If price crosses ₹685 with bullish momentum and volume spike, trail stop-loss upward and consider partial booking near ₹692.

🧠 Quick Sentiment Check

Valuation: P/E (22.3) aligns with industry average (22.4), suggesting fair pricing.

Fundamentals: Strong EPS (₹30.4), low debt-to-equity (0.38), and healthy ROCE (18.2%) support long-term strength.

Trend: Neutral-to-bullish; intraday bias leans positive if ₹675 holds.

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