JSL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.0

Here’s a detailed technical analysis of Jindal Stainless Ltd. (JSL)

📊 Trend Overview

Current Trend: Trending Upward

Price is trading above both 50-DMA (₹732) and 200-DMA (₹684), confirming bullish structure.

RSI at 54.3 is neutral to mildly bullish — room for upside without being overbought.

MACD at 7.31 is positive, indicating upward momentum.

Volume is slightly below average, suggesting moderate participation.

📈 Moving Averages

50-DMA: ₹732 — Short-term support.

200-DMA: ₹684 — Long-term support.

Price Action: Current price of ₹762 is comfortably above both DMAs, reinforcing bullish sentiment.

📉 Momentum Indicators

RSI (14-day): 54.3 — Neutral zone, potential for upward movement.

MACD: 7.31 — Bullish crossover, momentum building.

Volume: 4.1 lakh vs 1-week avg of 5.08 lakh — Slight dip, but not alarming.

📊 Bollinger Bands

Price likely near middle to upper band — moderate volatility.

No squeeze or breakout pattern detected, but trend remains intact.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 732 50-DMA, short-term support

Support 2 710 Previous swing low

Resistance 1 780 Minor resistance zone

Resistance 2 819 52-week high, major resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹730–₹740 — Near 50-DMA with tight stop-loss.

Exit Zone: ₹780–₹815 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Building — MACD bullish, RSI rising.

Breakout Potential: Moderate — Needs volume confirmation.

Bias: Bullish — Watch for breakout above ₹780 with volume surge.

🧭 Summary

JSL is currently trending upward with supportive technical indicators. Price action above key moving averages and a bullish MACD suggest continued strength. Traders may consider entering on dips near ₹730–₹740 and targeting ₹780–₹815 for exits. Monitor volume and RSI for breakout confirmation.

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