JSWSTEEL - IntraDay Trade Analysis

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

📊 Intraday Trade Rating for JSWSTEEL: 4.0

JSW Steel Ltd. presents a moderately bullish setup for intraday trading today, supported by strong quarterly earnings and decent technical momentum. Here's a breakdown of its intraday potential

⚙️ Technical & Momentum Overview

RSI (54.0): Neutral to slightly bullish—room for upside without being overbought.

MACD (3.38): Positive and above signal line, indicating upward momentum.

Price Action

Trading above both 50-DMA (₹1,022) and 200-DMA (₹985), confirming short-term strength.

Current price (₹1,035) is near resistance zone (₹1,049–₹1,075), so breakout potential exists.

Volume

Current volume (22.7L) is well above 1-week average (15.7L), showing strong intraday interest.

Fundamentals

PAT growth of 158% quarter-over-quarter is impressive.

EPS of ₹19.8 and strong revenue momentum support bullish sentiment

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💰 Optimal Buy Price (Today’s Session)

Buy Zone: ₹1,027–₹1,035

Look for a dip near ₹1,027 with support confirmation.

Breakout entry possible above ₹1,042 with volume surge

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🎯 Exit Levels

Entry Type Target Price Stop Loss

Support Bounce ₹1,042 ₹1,019.6

Breakout Entry ₹1,049.5 ₹1,034.5

📈 Already Holding? When to Exit

Watch RSI: If RSI rises above 60 and price nears ₹1,049.5, consider booking profits.

MACD Flattening: If MACD starts to flatten or diverge negatively, momentum may fade.

Volume Spike + Price Rejection: If price approaches ₹1,042–₹1,049.5 but stalls with high volume, exit to avoid reversal.

Would you like me to track JSWSTEEL’s live price action or scan similar metal sector stocks with stronger setups for tomorrow’s session?

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Goodreturns

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Moneycontrol

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dailybulls.in

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