JINDALSTEL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.3

Here’s a detailed technical analysis of Jindal Steel & Power Ltd. (JINDALSTEL)

📊 Trend Overview

Current Trend: Trending Upward

Price is near its 52-week high of ₹1,069, indicating strong bullish momentum.

RSI at 60.8 suggests healthy momentum without being overbought.

MACD at 17.2 is strongly positive, confirming bullish crossover.

Price is well above both 50-DMA (₹996) and 200-DMA (₹944), reinforcing the uptrend.

📈 Moving Averages

50-DMA: ₹996 — Short-term support.

200-DMA: ₹944 — Long-term support.

Price Action: Trading at ₹1,048, comfortably above both DMAs.

📉 Momentum Indicators

RSI (14-day): 60.8 — Bullish zone, room for further upside.

MACD: 17.2 — Bullish crossover, momentum intact.

Volume: 7.16 lakh vs 1-week avg of 7.73 lakh — Slightly below average, but not concerning.

📊 Bollinger Bands

Price likely near upper band — signals strength.

No squeeze pattern, but trend continuation is supported.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 996 50-DMA, short-term support

Support 2 944 200-DMA, long-term support

Resistance 1 1,069 52-week high, immediate resistance

Resistance 2 1,100 Psychological barrier

🎯 Entry & Exit Zones

Optimal Entry: ₹995–₹1,015 — On pullback near 50-DMA.

Exit Zone: ₹1,065–₹1,100 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI rising.

Breakout Potential: High — Watch for volume surge above ₹1,069.

Bias: Bullish — Trend intact, but monitor for resistance near highs.

🧭 Summary

JINDALSTEL is currently trending upward with strong technical indicators. Price action above key moving averages, rising RSI, and bullish MACD suggest continued strength. Traders may consider entering on dips near ₹995–₹1,015 and targeting ₹1,065–₹1,100 for exits. A breakout above ₹1,069 with volume could signal further upside.

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