JSL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | JSL | Market Cap | 63,266 Cr. | Current Price | 767 ₹ | High / Low | 884 ₹ |
| Stock P/E | 22.8 | Book Value | 210 ₹ | Dividend Yield | 0.39 % | ROCE | 19.9 % |
| ROE | 17.3 % | Face Value | 2.00 ₹ | DMA 50 | 761 ₹ | DMA 200 | 750 ₹ |
| Chg in FII Hold | -0.66 % | Chg in DII Hold | -0.08 % | PAT Qtr | 685 Cr. | PAT Prev Qtr | 644 Cr. |
| RSI | 51.6 | MACD | 8.64 | Volume | 4,03,145 | Avg Vol 1Wk | 5,78,236 |
| Low price | 556 ₹ | High price | 884 ₹ | PEG Ratio | -9.40 | Debt to equity | 0.26 |
| 52w Index | 64.5 % | Qtr Profit Var | 10.7 % | EPS | 34.9 ₹ | Industry PE | 22.9 |
📊 Chart & Indicators
- Current price (₹767) is above DMA 50 (₹761) and DMA 200 (₹750), confirming bullish momentum.
- RSI at 51.6 indicates balanced momentum, neither overbought nor oversold.
- MACD at 8.64 shows bullish crossover, supporting upward bias.
- Bollinger Bands: price near mid-band, suggesting consolidation with mild bullish tilt.
- Volume (4.03 Lakh) below average (5.78 Lakh), showing reduced participation.
🎯 Entry & Exit Zones
- **Entry Zone:** ₹755 – ₹770 (near DMA support).
- **Exit Zone:** ₹820 – ₹840 (resistance zone).
- **Stop-Loss:** Below ₹740 (DMA breakdown risk).
📈 Trend Status
- The stock is **consolidating with bullish undertone**.
- Sustaining above ₹770 could trigger momentum toward ₹820+.
- Weak volume suggests cautious accumulation.
✅ Positive
- Strong ROCE (19.9%) and ROE (17.3%).
- EPS at ₹34.9 with fair valuation (P/E 22.8 vs industry 22.9).
- Low debt-to-equity ratio (0.26).
- Quarterly PAT growth (+10.7%).
- Price trading above both DMA 50 and DMA 200.
⚠️ Limitation
- PEG ratio (-9.40) indicates weak earnings growth outlook.
- Dividend yield modest at 0.39%.
- Volume below average, limiting conviction.
- Slight decline in institutional holdings (FII -0.66%, DII -0.08%).
📉 Company Negative News
- Weak PEG ratio highlights growth concerns.
- Reduced institutional participation.
📈 Company Positive News
- Strong quarterly profit growth.
- Technical indicators (MACD, DMA crossover) showing bullish strength.
- Long-term price performance supported by 52-week gain of 64.5%.
🏭 Industry
- Industry PE at 22.9 vs JSL’s 22.8, showing fair valuation in line with peers.
- Steel sector supported by infrastructure demand but facing margin pressures from raw material costs.
🔎 Conclusion
JSL is consolidating with bullish undertone, supported by DMA crossover, MACD, and strong fundamentals. Entry near ₹755–₹770 is favorable, with exits around ₹820–₹840. Trend remains bullish short-term, but weak volume and modest institutional flows suggest cautious positioning until stronger participation confirms breakout.
Would you like me to extend this into a swing trade overlay comparing JSL with peers like JSW Steel, Tata Steel, and Jindal Steel & Power for sector benchmarking?