JSL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.8
| Stock Code | JSL | Market Cap | 64,498 Cr. | Current Price | 782 ₹ | High / Low | 884 ₹ |
| Stock P/E | 23.3 | Book Value | 210 ₹ | Dividend Yield | 0.38 % | ROCE | 19.9 % |
| ROE | 17.3 % | Face Value | 2.00 ₹ | DMA 50 | 791 ₹ | DMA 200 | 745 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.15 % | PAT Qtr | 685 Cr. | PAT Prev Qtr | 644 Cr. |
| RSI | 46.7 | MACD | -0.09 | Volume | 6,10,024 | Avg Vol 1Wk | 7,61,838 |
| Low price | 497 ₹ | High price | 884 ₹ | PEG Ratio | -9.59 | Debt to equity | 0.26 |
| 52w Index | 73.7 % | Qtr Profit Var | 10.7 % | EPS | 34.9 ₹ | Industry PE | 21.6 |
📊 Analysis: JSL is trading at ₹782, slightly below its 50 DMA (₹791) but above its 200 DMA (₹745), reflecting short-term weakness but medium-term support. RSI at 46.7 indicates neutral momentum, while MACD at -0.09 signals indecision with mild bearish undertone. Current volume (6.1 lakh) is lower than the 1-week average (7.6 lakh), suggesting reduced intraday participation. Fundamentals remain strong with ROCE 19.9% and ROE 17.3%, supported by low debt-to-equity (0.26). However, negative PEG ratio (-9.59) and subdued momentum indicators limit aggressive intraday potential.
💡 Optimal Buy Price: ₹780–₹785 (near support zone).
🎯 Profit-Taking Levels: ₹795–₹805 (short-term resistance).
🛡️ Stop-Loss: ₹770 (to protect against downside risk).
⏱️ Exit Strategy if Already Holding: Exit if price fails to sustain above ₹782 with weakening momentum or if volume continues to decline. If intraday rebound occurs, consider booking profits around ₹795–₹805. Avoid holding beyond resistance unless strong breakout signals appear with volume confirmation.
✅ Positive
- Trading above 200 DMA, showing medium-term strength.
- Strong ROCE (19.9%) and ROE (17.3%) indicate efficient capital use.
- Low debt-to-equity ratio (0.26) ensures financial stability.
- EPS of ₹34.9 reflects solid earnings capability.
- Quarterly PAT growth (₹685 Cr vs ₹644 Cr) shows improving profitability.
- FII (+0.11%) and DII (+0.15%) holdings increased, showing institutional confidence.
⚠️ Limitation
- Trading below 50 DMA, showing short-term weakness.
- MACD nearly flat (-0.09), signaling indecision.
- Volume lower than 1-week average, limiting intraday strength.
- Negative PEG ratio (-9.59) reflects poor growth relative to valuation.
📉 Company Negative News
- Stock corrected from 52-week high of ₹884 to current ₹782.
- Momentum indicators remain weak, limiting upside potential.
📈 Company Positive News
- Quarterly profit variation shows 10.7% growth YoY.
- Institutional investors increasing stake, supporting confidence.
- Strong fundamentals with high ROCE and ROE.
🏭 Industry
- Industry PE at 21.6 is slightly lower than JSL’s PE of 23.3, suggesting mild overvaluation.
- Steel sector remains cyclical but benefits from infrastructure demand and global commodity trends.
🔎 Conclusion
JSL shows strong fundamentals but weak short-term technicals, making it a moderately good candidate for intraday trading. Traders should buy near support with tight stop-loss and book profits quickly around resistance levels. Momentum indicators suggest cautious trading, with preference for tactical intraday positions rather than aggressive bets.