JINDALSTEL - Swing Trade Analysis

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

Swing Trade Rating: 4.4

📈 Jindal Steel & Power Ltd (JINDALSTEL) Swing Trade Analysis

JINDALSTEL is showing signs of bullish continuation with strong price action above key moving averages and a favorable technical setup. While fundamentals are mixed, the technical momentum and volume behavior make it a solid swing trade candidate.

✅ Strengths

Technical Momentum

Price above both 50 DMA (₹946) and 200 DMA (₹919) — bullish trend confirmation

RSI at 60.1 — strong but not overbought

MACD positive at 13.0 — bullish crossover

Volume Surge

Current volume is lower than average, but recent price action shows breakout behavior

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Fundamentals

ROCE: 10.8% and ROE: 7.83% — moderate but stable

EPS: ₹27.6 — decent earnings

Debt-to-equity: 0.39 — healthy leverage

FII and DII holdings increased — institutional confidence

⚠️ Risks

Valuation

P/E of 28.0 vs industry average of 22.4 — slightly overvalued

PEG Ratio: -1.79 — negative PEG suggests earnings growth concerns

Profit Decline

PAT dropped from ₹950 Cr. to ₹550 Cr. — 41% QoQ decline

Dividend Yield: Low at 0.20%

🎯 Optimal Entry Price

Entry Zone: ₹960–₹970

This range is near recent support and breakout levels

Confirm entry on bullish candle close above ₹981.90 with volume

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🚪 Exit Strategy (If Already Holding)

Short-Term Target: ₹996–₹1,020

Based on resistance zones and recent highs

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Stop Loss: ₹940

Below 50 DMA and recent swing low

📌 Summary

JINDALSTEL is a technically strong swing trade with bullish indicators and institutional support. Entry near ₹960–₹970 offers a favorable risk-reward setup with targets around ₹1,020. If already holding, consider booking profits near ₹996–₹1,020 or trail your stop loss to ₹940.

Would you like a comparison with JSW Steel or Tata Steel for sector rotation strategies?

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in.tradingview.com

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dailybulls.in

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