JSL - Swing Trade Analysis

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

Swing Trade Rating: 4.2

📈 Jindal Stainless Ltd (JSL) Swing Trade Analysis

JSL presents a technically consolidating setup with strong fundamentals and signs of a potential reversal. While short-term indicators are mixed, the stock is nearing a trendline breakout zone, making it a promising swing candidate.

✅ Strengths

Fundamentals

ROCE: 18.2% and ROE: 16.1% — strong profitability

Low Debt-to-Equity: 0.38 — financially sound

EPS: ₹30.4 — solid earnings

Valuation

P/E: 22.3 vs industry average of 22.4 — fairly valued

PEG Ratio: -3.36 — suggests undervaluation, though negative PEG should be interpreted cautiously

Technical Setup

Price near 50 DMA (₹670) and 200 DMA (₹657) — forming a base

RSI: 50 — neutral, with room to rise

Volume spike — recent volume is nearly 3x the weekly average, indicating accumulation

⚠️ Risks

MACD Negative: -2.83 — bearish momentum

FII Sentiment: Slight decline (-0.11%) in holdings

Quarterly Profit Dip: PAT fell from ₹654 Cr. to ₹595 Cr.

Dividend Yield: Low at 0.44%

🎯 Optimal Entry Price

Entry Zone: ₹665–₹675

This range is near the 50 DMA and recent support zone

Watch for a breakout above ₹683.45 — identified as a key resistance level on technical charts

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🚪 Exit Strategy (If Already Holding)

Short-Term Target: ₹728–₹759

Based on breakout projections and Fibonacci resistance levels

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Stop Loss: ₹645

Below 200 DMA and recent swing low

📌 Summary

JSL is a technically poised swing candidate with strong fundamentals and a potential breakout setup. Entry near ₹670 offers a low-risk opportunity with upside toward ₹750+. If already holding, consider exiting near ₹728–₹759 or trail your stop loss to ₹645.

Would you like a chart-based visual breakdown or compare this with another metal stock like Tata Steel or JSW?

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