JINDALSAW - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | JINDALSAW | Market Cap | 14,245 Cr. | Current Price | 223 ₹ | High / Low | 260 ₹ |
| Stock P/E | 18.2 | Book Value | 197 ₹ | Dividend Yield | 0.90 % | ROCE | 8.84 % |
| ROE | 6.39 % | Face Value | 1.00 ₹ | DMA 50 | 205 ₹ | DMA 200 | 200 ₹ |
| Chg in FII Hold | -0.63 % | Chg in DII Hold | 2.29 % | PAT Qtr | 114 Cr. | PAT Prev Qtr | 227 Cr. |
| RSI | 53.6 | MACD | 12.0 | Volume | 40,17,176 | Avg Vol 1Wk | 59,67,768 |
| Low price | 153 ₹ | High price | 260 ₹ | PEG Ratio | 1.59 | Debt to equity | 0.22 |
| 52w Index | 64.9 % | Qtr Profit Var | -76.0 % | EPS | 12.3 ₹ | Industry PE | 22.1 |
📊 Chart & Indicators
- Current price (₹223) is above DMA 50 (₹205) and DMA 200 (₹200), confirming bullish momentum.
- RSI at 53.6 indicates balanced momentum, not overbought.
- MACD at 12.0 shows bullish crossover, supporting upward bias.
- Bollinger Bands: price near mid-to-upper band, suggesting continuation with mild risk of pullback.
- Volume (40.1 Lakh) below average (59.6 Lakh), showing reduced participation.
🎯 Entry & Exit Zones
- **Entry Zone:** ₹215 – ₹225 (near DMA support).
- **Exit Zone:** ₹250 – ₹260 (recent high resistance).
- **Stop-Loss:** Below ₹210 (DMA breakdown risk).
📈 Trend Status
- The stock is **trending upward short-term** with bullish bias.
- Sustaining above ₹225 could lead to further upside toward ₹250+.
- Weak volume suggests cautious accumulation.
✅ Positive
- Price trading above both DMA 50 and DMA 200.
- EPS at ₹12.3 with fair valuation (P/E 18.2 vs industry 22.1).
- Low debt-to-equity ratio (0.22).
- DII holdings increased (+2.29%), showing strong domestic support.
- 52-week index gain of 64.9% highlights long-term strength.
⚠️ Limitation
- Quarterly PAT declined sharply (₹227 Cr. → ₹114 Cr., -76%).
- ROCE (8.84%) and ROE (6.39%) remain modest.
- FII holdings decreased (-0.63%), showing reduced foreign confidence.
- Dividend yield at 0.90% is modest.
- Volume below average, limiting conviction.
📉 Company Negative News
- Sharp decline in quarterly profits.
- Weak foreign institutional participation.
- Reduced earnings momentum despite price strength.
📈 Company Positive News
- Domestic institutional inflows (+2.29%) provide confidence.
- Technical indicators (MACD, DMA crossover) showing bullish strength.
- Strong long-term price performance with 52-week gain of 64.9%.
🏭 Industry
- Industry PE at 22.1 vs JINDALSAW’s 18.2, showing undervaluation relative to peers.
- Steel and pipe manufacturing sector supported by infrastructure demand but facing cyclical pressures.
🔎 Conclusion
JINDALSAW is trending upward with bullish signals from DMA crossover, MACD, and long-term price strength. Fundamentals remain attractive with undervaluation relative to peers, though sharp profit decline and reduced FII interest suggest caution. Entry near ₹215–₹225 is favorable with exits around ₹250–₹260. Trend remains bullish short-term but requires stronger volume and earnings recovery for sustained upside.
Would you like me to extend this into a sector overlay comparing JINDALSAW with peers like Jindal Steel & Power and Tata Steel for relative valuation and momentum benchmarking?