JINDALSAW - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.2

Here’s a detailed technical analysis of Jindal Saw Ltd. (JINDALSAW)

📊 Trend Overview

Current Trend: Reversing from Downtrend

Price is trading below both 50-DMA (₹211) and 200-DMA (₹238), indicating a bearish structure.

RSI at 53.1 is neutral, showing neither strong buying nor selling pressure.

MACD at -0.12 is slightly negative, suggesting fading bearish momentum.

Volume is below average, indicating weak participation and lack of conviction.

📈 Moving Averages

50-DMA: ₹211 — Immediate resistance.

200-DMA: ₹238 — Long-term resistance.

Price Action: Currently at ₹209, below both DMAs — bearish to neutral setup.

📉 Momentum Indicators

RSI (14-day): 53.1 — Neutral zone, no clear signal.

MACD: -0.12 — Slight bearish crossover, momentum fading.

Volume: 20 lakh vs 1-week avg of 30 lakh — Weak volume, no breakout strength.

📊 Bollinger Bands

Price likely near middle band — low volatility.

No breakout or squeeze pattern detected.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 196 Recent swing low

Support 2 185 Historical support zone

Resistance 1 211 50-DMA, immediate resistance

Resistance 2 238 200-DMA, long-term resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹196–₹200 — Near support with tight stop-loss.

Exit Zone: ₹211–₹230 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Weak — MACD bearish, RSI neutral.

Breakout Potential: Low — No volume surge or trendline breakout.

Bias: Cautious — Wait for confirmation above ₹211 or bounce from ₹196.

🧭 Summary

JINDALSAW is currently reversing from a downtrend, with weak momentum and low volume. Price action below key moving averages and a neutral RSI suggest indecision. Traders should wait for a breakout above ₹211 or a confirmed bounce from ₹196 before entering.

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