JSWSTEEL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | JSWSTEEL | Market Cap | 3,00,118 Cr. | Current Price | 1,227 ₹ | High / Low | 1,245 ₹ |
| Stock P/E | 41.6 | Book Value | 341 ₹ | Dividend Yield | 0.23 % | ROCE | 10.2 % |
| ROE | 8.89 % | Face Value | 1.00 ₹ | DMA 50 | 1,168 ₹ | DMA 200 | 1,101 ₹ |
| Chg in FII Hold | -0.18 % | Chg in DII Hold | 0.19 % | PAT Qtr | 979 Cr. | PAT Prev Qtr | 1,493 Cr. |
| RSI | 60.9 | MACD | 19.4 | Volume | 10,85,101 | Avg Vol 1Wk | 19,12,651 |
| Low price | 905 ₹ | High price | 1,245 ₹ | PEG Ratio | -1.58 | Debt to equity | 0.84 |
| 52w Index | 94.7 % | Qtr Profit Var | -28.4 % | EPS | 26.5 ₹ | Industry PE | 21.6 |
📊 Analysis: JSWSTEEL is trading at ₹1,227, close to its 52-week high of ₹1,245, showing strong bullish momentum. RSI at 60.9 indicates healthy momentum without being overbought, while MACD at 19.4 confirms positive trend strength. Current volume (10.8 lakh) is lower than the 1-week average (19.1 lakh), suggesting moderate intraday participation. The stock is trading well above both 50 DMA (₹1,168) and 200 DMA (₹1,101), reflecting strong technical support. Fundamentals are moderate with ROCE 10.2% and ROE 8.89%, though high P/E (41.6 vs industry 21.6) and declining quarterly PAT (-28.4%) raise caution. Intraday setup favors tactical trades near support with quick profit booking.
💡 Optimal Buy Price: ₹1,220–₹1,230 (near support zone).
🎯 Profit-Taking Levels: ₹1,240–₹1,250 (short-term resistance, near 52-week high).
🛡️ Stop-Loss: ₹1,205 (to protect against downside risk).
⏱️ Exit Strategy if Already Holding: Exit if price fails to sustain above ₹1,225 with weakening momentum or if volume drops sharply. If intraday rally continues, consider booking profits around ₹1,240–₹1,250. Avoid holding beyond resistance unless strong breakout signals appear with volume confirmation.
✅ Positive
- Trading above both 50 DMA and 200 DMA, showing strong technical support.
- MACD positive (19.4), confirming bullish momentum.
- EPS of ₹26.5 reflects earnings capability.
- DII holdings increased (+0.19%), showing domestic institutional support.
- Strong 52-week performance with index at 94.7%.
⚠️ Limitation
- High P/E (41.6) compared to industry PE (21.6), suggesting overvaluation.
- Quarterly PAT declined (₹979 Cr vs ₹1,493 Cr), a -28.4% drop.
- Volume lower than 1-week average, limiting intraday strength.
- ROCE (10.2%) and ROE (8.89%) reflect moderate efficiency.
- Debt-to-equity ratio of 0.84 indicates moderate leverage risk.
📉 Company Negative News
- Quarterly profit decline highlights earnings pressure.
- FII holdings decreased (-0.18%), showing reduced foreign investor confidence.
📈 Company Positive News
- Strong technical breakout above moving averages.
- DII stake increase reflects domestic institutional confidence.
- Stock trading near 52-week high, showing strong investor sentiment.
🏭 Industry
- Industry PE at 21.6 is much lower than JSWSTEEL’s PE, highlighting relative overvaluation.
- Steel sector remains cyclical but benefits from infrastructure demand and global commodity trends.
🔎 Conclusion
JSWSTEEL shows strong technical momentum and institutional support, making it a good candidate for intraday trading. Traders should buy near support with tight stop-loss and book profits quickly around resistance levels. Caution is advised due to overvaluation and declining quarterly profits, but momentum favors tactical intraday trades.