JINDALSTEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | JINDALSTEL | Market Cap | 1,24,706 Cr. | Current Price | 1,223 ₹ | High / Low | 1,306 ₹ |
| Stock P/E | 29.9 | Book Value | 521 ₹ | Dividend Yield | 0.16 % | ROCE | 10.7 % |
| ROE | 8.10 % | Face Value | 1.00 ₹ | DMA 50 | 1,213 ₹ | DMA 200 | 1,115 ₹ |
| Chg in FII Hold | 0.17 % | Chg in DII Hold | 0.04 % | PAT Qtr | 756 Cr. | PAT Prev Qtr | 710 Cr. |
| RSI | 48.3 | MACD | -2.54 | Volume | 12,53,517 | Avg Vol 1Wk | 8,07,098 |
| Low price | 883 ₹ | High price | 1,306 ₹ | PEG Ratio | 1.99 | Debt to equity | 0.16 |
| 52w Index | 80.3 % | Qtr Profit Var | -34.1 % | EPS | 30.1 ₹ | Industry PE | 18.5 |
📊 Chart & Trend Analysis:
JINDALSTEL is trading slightly above its 50 DMA (₹1,213) and well above its 200 DMA (₹1,115), reflecting medium-term strength but short-term indecision. RSI at 48.3 indicates neutral momentum. MACD at -2.54 shows bearish crossover, suggesting caution. Bollinger Bands place price near the mid-range, with resistance around ₹1,306.
📈 Momentum Signals:
- Short-term momentum is weak, with MACD bearish despite DMA support.
- Volume (12.5L) is above weekly average (8.0L), showing strong participation.
- Support zone: ₹1,200 – ₹1,215.
- Resistance zone: ₹1,280 – ₹1,300.
- Break above ₹1,300 could trigger rally toward ₹1,320+, while failure to hold ₹1,200 may lead to consolidation.
🔎 Trend Status:
Currently consolidating with bearish undertones. A reversal requires stronger buying momentum and breakout above ₹1,300.
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Positive
✔ Price trading above both DMA levels.
✔ EPS at ₹30.1 supports valuation strength.
✔ Debt-to-equity ratio at 0.16 indicates low leverage risk.
✔ PAT growth (₹710 Cr → ₹756 Cr) shows earnings momentum.
✔ Strong 52-week performance (+80.3%).
Limitation
⚠ RSI and MACD confirm weak momentum.
⚠ High P/E ratio (29.9) vs industry PE (18.5).
⚠ ROE (8.10%) and ROCE (10.7%) remain modest.
⚠ PEG ratio at 1.99 suggests stretched valuation.
Company Negative News
📉 Quarterly profit variation (-34.1%) highlights earnings volatility.
📉 Weak return ratios compared to peers.
📉 Valuation concerns due to premium multiples.
Company Positive News
📢 Sequential PAT growth supports earnings momentum.
📢 Technical breakout above DMA levels.
📢 Institutional inflows (FII +0.17%, DII +0.04%).
Industry
🌐 Industry PE at 18.5 vs JINDALSTEL’s 29.9 — premium valuation.
🌐 Steel sector supported by infrastructure demand but facing margin pressures.
Conclusion
JINDALSTEL is consolidating with mixed signals: DMA strength supports the trend, but RSI and MACD show weakness. Entry near ₹1,200–₹1,215 offers favorable risk-reward, with exit targets around ₹1,280–₹1,300. Fundamentals remain steady, though valuation is stretched and profit volatility is a concern. Traders should ride momentum cautiously with strict stop-loss discipline below ₹1,190.
Would you like me to refine this into a swing trade roadmap with medium-term layered targets, or expand into a peer benchmarking overlay comparing JINDALSTEL against Tata Steel and JSW Steel?