JINDALSTEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | JINDALSTEL | Market Cap | 1,19,820 Cr. | Current Price | 1,174 ₹ | High / Low | 1,272 ₹ |
| Stock P/E | 27.2 | Book Value | 515 ₹ | Dividend Yield | 0.17 % | ROCE | 11.7 % |
| ROE | 9.37 % | Face Value | 1.00 ₹ | DMA 50 | 1,153 ₹ | DMA 200 | 1,056 ₹ |
| Chg in FII Hold | -0.41 % | Chg in DII Hold | 0.36 % | PAT Qtr | 710 Cr. | PAT Prev Qtr | 921 Cr. |
| RSI | 50.3 | MACD | 0.11 | Volume | 10,30,750 | Avg Vol 1Wk | 14,40,375 |
| Low price | 770 ₹ | High price | 1,272 ₹ | PEG Ratio | -1.40 | Debt to equity | 0.13 |
| 52w Index | 80.5 % | Qtr Profit Var | -39.0 % | EPS | 32.6 ₹ | Industry PE | 20.1 |
📉 Chart & Trend: JINDALSTEL is trading above its 50 DMA (₹1,153) and 200 DMA (₹1,056), with the current price at ₹1,174. This indicates short-term strength and medium-term bullish bias, though momentum is flattening near resistance.
📊 RSI: At 50.3, RSI is neutral, suggesting balanced momentum without strong bullish or bearish signals.
📈 MACD: Slightly positive at 0.11, indicating mild bullish bias but lacking strong conviction.
📉 Bollinger Bands: Price is mid-range, reflecting consolidation with potential to test resistance if momentum builds.
📊 Volume: Current volume (10.3 Lakh) is lower than average weekly volume (14.4 Lakh), showing reduced participation and weaker conviction in the move.
📍 Support & Resistance:
- Strong support: ₹1,153 (50 DMA)
- Immediate resistance: ₹1,200–₹1,220
- Major resistance: ₹1,250–₹1,272 (recent high)
Optimal entry zone: ₹1,160–₹1,175 (near support).
Exit zone: ₹1,200–₹1,250 (resistance cluster).
🔎 Trend Status: The stock is consolidating with mild bullish bias. A breakout above ₹1,200–₹1,220 could trigger further upside momentum.
Positive
- ROCE (11.7%) and ROE (9.37%) indicate moderate capital efficiency.
- Low debt-to-equity (0.13) ensures financial stability.
- EPS at ₹32.6 supports earnings visibility.
- Strong 52-week index performance at 80.5% reflects resilience.
- DII holding increased by 0.36%, showing domestic institutional support.
Limitation
- MACD is flat, showing lack of strong momentum.
- Volume participation is lower than average, limiting breakout strength.
- P/E of 27.2 compared to industry PE of 20.1 indicates premium valuation.
- PEG ratio of -1.40 reflects poor earnings growth visibility.
Company Negative News
- PAT declined to ₹710 Cr from ₹921 Cr, showing earnings pressure.
- FII holding decreased by -0.41%, reflecting reduced foreign investor confidence.
Company Positive News
- Quarterly profit variation of -39% is offset by strong long-term resilience.
- DII holding increased by 0.36%, showing domestic institutional confidence.
Industry
- Industry PE at 20.1 vs JINDALSTEL’s PE of 27.2 shows relative premium valuation.
- Steel sector outlook remains positive with infrastructure demand and global recovery trends.
Conclusion
⚖️ JINDALSTEL is consolidating with mild bullish bias near support. Short-term traders may consider entry around ₹1,160–₹1,175 with exits near ₹1,200–₹1,250. Long-term investors can accumulate cautiously given strong fundamentals, but confirmation above ₹1,200–₹1,220 is needed for a sustained uptrend.
Would you like me to extend this into a steel sector basket overlay (JINDALSTEL vs peers like JSW Steel, Tata Steel, SAIL) so you can benchmark its setup against industry leaders for stronger confirmation signals?