JINDALSAW - Technical Analysis

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

Technical Rating: 2.9

Here’s a deep dive into the technical setup for Jindal Saw Ltd (JINDALSAW) and its short-term outlook

📊 Trend Overview

Current Trend: Bearish to Consolidating

Price Action: Trading below both 50 DMA (₹231) and 200 DMA (₹252) — a clear sign of downward pressure.

52W Index (9.24%): Price is near its 52-week low (₹200), indicating significant underperformance.

📈 Momentum Indicators

RSI (35.4): Weak — hovering near oversold territory, but not yet signaling reversal.

MACD (-3.21): Strongly negative — confirms bearish momentum.

Volume: Slightly above 1-week average — suggests some accumulation, but not enough to reverse trend.

📉 Volatility & Bands

Bollinger Bands: Price likely hugging the lower band — potential for short-term bounce, but trend remains weak.

Beta: High volatility — price may swing sharply with market sentiment.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 200 (recent low)

Strong Support 190 (historical base)

Resistance 1 231 (50 DMA)

Resistance 2 252 (200 DMA)

Resistance 3 270–280 (gap zone)

🎯 Entry & Exit Zones

Optimal Entry: ₹200–₹210 (if price stabilizes near support)

Exit / Profit Booking: ₹231–₹252 (if price rebounds toward moving averages)

🔍 Short-Term Signals

Momentum: Weak — RSI and MACD both suggest caution.

Trendline: Price breaking below key averages — no bullish crossover yet.

Consolidation: Possible near ₹200–₹217 zone — watch for volume spikes or RSI divergence.

Would you like to track this for a potential reversal or compare it with other metal sector stocks? I can help you spot stronger setups.

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