JINDALSAW - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | JINDALSAW | Market Cap | 12,673 Cr. | Current Price | 198 ₹ | High / Low | 286 ₹ |
| Stock P/E | 11.1 | Book Value | 192 ₹ | Dividend Yield | 1.01 % | ROCE | 20.9 % |
| ROE | 17.4 % | Face Value | 1.00 ₹ | DMA 50 | 182 ₹ | DMA 200 | 196 ₹ |
| Chg in FII Hold | -1.26 % | Chg in DII Hold | -0.85 % | PAT Qtr | 227 Cr. | PAT Prev Qtr | 79.3 Cr. |
| RSI | 59.6 | MACD | 3.96 | Volume | 33,16,778 | Avg Vol 1Wk | 3,12,54,537 |
| Low price | 153 ₹ | High price | 286 ₹ | PEG Ratio | 0.16 | Debt to equity | 0.28 |
| 52w Index | 34.1 % | Qtr Profit Var | -52.5 % | EPS | 17.9 ₹ | Industry PE | 18.1 |
📉 Chart & Trend: JINDALSAW is trading above its 50 DMA (₹182) and near its 200 DMA (₹196), with the current price at ₹198. This indicates short-term strength and medium-term consolidation.
📊 RSI: At 59.6, RSI is moderately strong, suggesting momentum but nearing overbought territory.
📈 MACD: Positive at 3.96, confirming bullish momentum and trend continuation.
📉 Bollinger Bands: Price is mid-to-upper range, reflecting strength but with risk of short-term pullback.
📊 Volume: Current volume (33.1 Lakh) is significantly lower than average weekly volume (312 Lakh), showing reduced participation and weaker conviction in the move.
📍 Support & Resistance:
- Strong support: ₹182 (50 DMA)
- Immediate resistance: ₹200–₹205
- Major resistance: ₹220–₹230
Optimal entry zone: ₹190–₹198 (near support).
Exit zone: ₹205–₹220 (resistance cluster).
🔎 Trend Status: The stock is consolidating with mild bullish bias. Sustained close above ₹200–₹205 could trigger further upside momentum.
Positive
- ROCE (20.9%) and ROE (17.4%) indicate strong capital efficiency.
- Low debt-to-equity (0.28) ensures financial stability.
- EPS at ₹17.9 supports earnings visibility.
- PEG ratio of 0.16 suggests attractive valuation relative to growth.
- Dividend yield of 1.01% provides modest income support.
Limitation
- Volume participation is significantly lower than average, limiting breakout strength.
- P/E of 11.1 compared to industry PE of 18.1 indicates undervaluation but may reflect weaker growth outlook.
- Quarterly profit variation of -52.5% highlights earnings volatility.
Company Negative News
- PAT declined to ₹227 Cr from ₹79.3 Cr previously, showing inconsistency in earnings.
- FII holding decreased by -1.26% and DII holding by -0.85%, reflecting reduced institutional confidence.
Company Positive News
- Strong ROCE and ROE highlight efficient capital utilization.
- 52-week index performance at 34.1% reflects resilience despite volatility.
Industry
- Industry PE at 18.1 vs JINDALSAW’s PE of 11.1 shows relative undervaluation.
- Steel and pipe manufacturing sector outlook remains positive with infrastructure demand and industrial expansion.
Conclusion
⚖️ JINDALSAW is consolidating with mild bullish bias near support. Short-term traders may consider entry around ₹190–₹198 with exits near ₹205–₹220. Long-term investors can accumulate gradually given strong fundamentals and undervaluation, but caution is advised due to earnings volatility and reduced institutional support.
Would you like me to extend this into a steel & infrastructure basket overlay (JINDALSAW vs peers like Tata Steel, SAIL, Jindal Steel & Power) so you can benchmark its setup against industry leaders for stronger confirmation signals?