JINDALSTEL - Technical Analysis

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

Technical Rating: 4.2

Here’s a comprehensive technical analysis of Jindal Steel & Power Ltd (JINDALSTEL) based on the latest indicators and price action

📊 Trend Overview

Current Trend: Bullish with short-term caution

Price Action: Trading well above both 50 DMA (₹946) and 200 DMA (₹919) — confirms strong uptrend.

52W Index (74.5%): Price is closer to its 52-week high (₹1,074), showing sustained strength.

📈 Momentum Indicators

RSI (60.1): Bullish zone — indicates positive momentum but not yet overbought.

MACD (13.0): Strongly positive — confirms upward momentum and trend continuation.

Volume: Significantly below 1-week average — suggests reduced participation, possibly due to profit booking or pause before next move.

📉 Volatility & Bands

Bollinger Bands: Price likely near upper band — signals strength but also potential for short-term pullback.

Beta: Moderate — price may react to sector sentiment and macro cues.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 946 (50 DMA)

Strong Support 919 (200 DMA)

Resistance 1 1,000 (psychological round level)

Resistance 2 1,045–1,074 (recent swing highs)

🎯 Entry & Exit Zones

Optimal Entry: ₹946–₹960 (on pullback near 50 DMA)

Exit / Profit Booking: ₹1,045–₹1,074 (if price rallies toward resistance)

🔍 Short-Term Signals

Momentum: Strong — RSI and MACD both support bullish continuation.

Trendline: Price holding above key averages — confirms uptrend.

Consolidation Risk: Volume drop may signal short-term pause or sideways movement before next leg.

Would you like to track this for a breakout above ₹1,074 or compare it with other steel sector leaders for relative strength? I can help you spot the next mover.

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