JSWSTEEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.4
| Stock Code | JSWSTEEL | Market Cap | 2,88,466 Cr. | Current Price | 1,179 ₹ | High / Low | 1,285 ₹ |
| Stock P/E | 40.0 | Book Value | 341 ₹ | Dividend Yield | 0.24 % | ROCE | 10.2 % |
| ROE | 8.89 % | Face Value | 1.00 ₹ | DMA 50 | 1,201 ₹ | DMA 200 | 1,132 ₹ |
| Chg in FII Hold | -0.18 % | Chg in DII Hold | 0.19 % | PAT Qtr | 979 Cr. | PAT Prev Qtr | 1,493 Cr. |
| RSI | 45.3 | MACD | -16.8 | Volume | 13,03,429 | Avg Vol 1Wk | 18,71,979 |
| Low price | 905 ₹ | High price | 1,285 ₹ | PEG Ratio | -1.52 | Debt to equity | 0.84 |
| 52w Index | 72.3 % | Qtr Profit Var | -28.4 % | EPS | 26.5 ₹ | Industry PE | 20.1 |
📉 Chart & Trend: JSWSTEEL is trading below its 50 DMA (₹1,201) but above its 200 DMA (₹1,132), with the current price at ₹1,179. This indicates short-term weakness but medium-term consolidation near support.
📊 RSI: At 45.3, RSI is weak, suggesting limited upside potential and mild bearish bias.
📉 MACD: Negative at -16.8, confirming bearish momentum and lack of reversal signals.
📈 Bollinger Bands: Price is mid-to-lower range, reflecting weakness and potential downside risk if support breaks.
📊 Volume: Current volume (13.0 Lakh) is lower than average weekly volume (18.7 Lakh), showing reduced participation and weak buying interest.
📍 Support & Resistance:
- Strong support: ₹1,132 (200 DMA)
- Immediate resistance: ₹1,201 (50 DMA)
- Major resistance: ₹1,250–₹1,285
Optimal entry zone: ₹1,150–₹1,180 (near support).
Exit zone: ₹1,200–₹1,250 (resistance cluster).
🔎 Trend Status: The stock is consolidating with bearish bias. A reversal requires sustained close above ₹1,201–₹1,250.
Positive
- EPS at ₹26.5 supports earnings visibility.
- Strong 52-week index performance at 72.3% shows resilience despite recent weakness.
- DII holding increased by 0.19%, reflecting domestic institutional support.
Limitation
- Trading below 50 DMA signals short-term weakness.
- RSI and MACD confirm bearish momentum.
- P/E of 40.0 compared to industry PE of 20.1 indicates steep overvaluation.
- PEG ratio of -1.52 reflects poor earnings growth visibility.
- Debt-to-equity ratio of 0.84 indicates high leverage risk.
Company Negative News
- PAT declined to ₹979 Cr from ₹1,493 Cr, showing earnings pressure.
- FII holding decreased by -0.18%, reflecting reduced foreign investor confidence.
Company Positive News
- Strong 52-week index performance highlights resilience in price action.
- DII holding increased by 0.19%, showing domestic institutional support.
Industry
- Industry PE at 20.1 vs JSWSTEEL’s PE of 40.0 shows relative premium valuation.
- Steel sector outlook remains positive with infrastructure demand and global recovery trends.
Conclusion
⚖️ JSWSTEEL is consolidating with bearish bias near support. Short-term traders may consider entry around ₹1,150–₹1,180 with exits near ₹1,200–₹1,250. Long-term investors should be cautious given weak ROE/ROCE and high valuation, waiting for confirmation above ₹1,201–₹1,250 before adding positions.
Would you like me to extend this into a steel sector basket overlay (JSWSTEEL vs peers like Tata Steel, SAIL, Jindal Steel) so you can benchmark its setup against industry leaders for stronger confirmation signals?