JSL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | JSL | Market Cap | 64,901 Cr. | Current Price | 788 ₹ | High / Low | 884 ₹ |
| Stock P/E | 23.4 | Book Value | 210 ₹ | Dividend Yield | 0.38 % | ROCE | 19.9 % |
| ROE | 17.3 % | Face Value | 2.00 ₹ | DMA 50 | 790 ₹ | DMA 200 | 744 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.15 % | PAT Qtr | 685 Cr. | PAT Prev Qtr | 644 Cr. |
| RSI | 48.2 | MACD | -0.40 | Volume | 5,02,904 | Avg Vol 1Wk | 9,92,595 |
| Low price | 497 ₹ | High price | 884 ₹ | PEG Ratio | -9.65 | Debt to equity | 0.26 |
| 52w Index | 75.2 % | Qtr Profit Var | 10.7 % | EPS | 34.9 ₹ | Industry PE | 20.7 |
📈 Chart & Trend Analysis: JSL is trading at ₹788, near its 50 DMA (₹790) and above its 200 DMA (₹744), signaling medium-term strength but short-term indecision. RSI at 48.2 suggests neutral momentum, neither overbought nor oversold. MACD at -0.40 indicates mild bearish undertone. Bollinger Bands show price near the mid-band, suggesting consolidation. Current volume (5.0L) is below the 1-week average (9.9L), reflecting reduced participation.
🔑 Momentum Signals: Short-term momentum is neutral-to-bearish with immediate support at ₹770 and major support at ₹744 (DMA200). Resistance lies at ₹820–₹840 (trendline + recent highs). Optimal entry zone: ₹770–₹785 for risk-managed traders. Exit zone: ₹820–₹840 if recovery occurs. Trend status: Consolidating with mild bearish bias.
Positive ✅
- Strong ROCE (19.9%) and ROE (17.3%) highlight efficient capital use.
- Low debt-to-equity (0.26) ensures financial stability.
- EPS of ₹34.9 reflects consistent profitability base.
- Quarterly PAT growth (₹685 Cr vs ₹644 Cr) shows earnings momentum.
- FII (+0.11%) and DII (+0.15%) holdings increased, reflecting institutional confidence.
Limitation ⚠️
- MACD remains negative, showing weak short-term momentum.
- PEG ratio (-9.65) highlights poor growth-adjusted valuation.
- Volume trend weaker than average, showing lack of strong buying support.
Company Negative News 📉
- Stock has faced resistance near ₹884, limiting breakout potential.
- Neutral RSI and weak MACD indicate lack of strong momentum.
Company Positive News 📊
- Quarterly profit variation of 10.7% indicates operational resilience.
- Strong 52-week performance index at 75.2% highlights relative strength.
Industry 🌐
- Industry PE at 20.7 is slightly lower than JSL’s PE of 23.4, suggesting modest premium valuation.
- Steel and specialty metals sector outlook remains positive with infrastructure demand driving growth.
Conclusion 📝
JSL is currently consolidating with mild bearish bias, trading near its 50 DMA but supported by its 200 DMA. Fundamentals remain strong with high ROCE/ROE and institutional support, but weak momentum and valuation concerns suggest caution. Risk-tolerant traders may consider entries near ₹770–₹785 with exits around ₹820–₹840, while long-term investors may hold for value-driven upside as sector demand improves.
Would you like me to also prepare a peer benchmarking overlay comparing JSL with peers like JSW Steel, Tata Steel, and SAIL to highlight relative strength and valuation?