JSWSTEEL - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | JSWSTEEL | Market Cap | 3,20,158 Cr. | Current Price | 1,310 ₹ | High / Low | 1,328 ₹ |
| Stock P/E | 46.8 | Book Value | 350 ₹ | Dividend Yield | 0.21 % | ROCE | 10.4 % |
| ROE | 8.27 % | Face Value | 1.00 ₹ | DMA 50 | 1,248 ₹ | DMA 200 | 1,171 ₹ |
| Chg in FII Hold | 0.00 % | Chg in DII Hold | 0.10 % | PAT Qtr | 2,172 Cr. | PAT Prev Qtr | 979 Cr. |
| RSI | 63.5 | MACD | 16.3 | Volume | 21,27,811 | Avg Vol 1Wk | 21,69,270 |
| Low price | 962 ₹ | High price | 1,328 ₹ | PEG Ratio | 4.18 | Debt to equity | 0.83 |
| 52w Index | 95.0 % | Qtr Profit Var | -15.1 % | EPS | 26.7 ₹ | Industry PE | 18.5 |
📊 Chart & Trend Analysis:
JSWSTEEL is trading above both its 50 DMA (₹1,248) and 200 DMA (₹1,171), confirming strong bullish momentum. RSI at 63.5 indicates healthy strength but nearing overbought territory. MACD at 16.3 shows positive crossover. Bollinger Bands place price near the upper band, with resistance around ₹1,328.
📈 Momentum Signals:
- Short-term momentum is positive, with volume (21.27L) in line with weekly average (21.69L).
- Support zone: ₹1,280 – ₹1,300.
- Resistance zone: ₹1,320 – ₹1,340.
- Break above ₹1,340 could trigger rally toward ₹1,360+, while failure to hold ₹1,280 may lead to consolidation.
🔎 Trend Status:
Currently trending upward with bullish undertones. Sustained buying above ₹1,328 will confirm continuation of the uptrend.
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Positive
✔ Strong PAT growth (₹979 Cr → ₹2,172 Cr).
✔ Price trading above both DMA levels.
✔ RSI and MACD confirm bullish momentum.
✔ Domestic institutional inflows (+0.10%).
Limitation
⚠ High P/E ratio (46.8) vs industry PE (18.5) indicates premium valuation.
⚠ ROE (8.27%) and ROCE (10.4%) remain modest.
⚠ PEG ratio at 4.18 suggests overvaluation relative to growth.
⚠ Debt-to-equity ratio at 0.83 adds leverage risk.
Company Negative News
📉 Quarterly profit variation (-15.1%).
📉 Valuation concerns due to high multiples.
Company Positive News
📢 Strong quarterly PAT recovery.
📢 Technical breakout supported by DMA strength.
📢 Sector demand supported by infrastructure and steel consumption growth.
Industry
🌐 Industry PE at 18.5 vs JSWSTEEL’s 46.8 — premium valuation.
🌐 Steel sector supported by infrastructure demand but facing margin pressures from raw material costs.
Conclusion
JSWSTEEL is trending upward with bullish signals from DMA, RSI, and MACD. Entry near ₹1,280–₹1,300 offers favorable risk-reward, with exit targets around ₹1,320–₹1,340. Fundamentals remain steady, but stretched valuations and modest returns suggest cautious accumulation. Traders can ride momentum with strict stop-loss discipline below ₹1,270.
Would you like me to refine this into a swing trade roadmap with layered medium-term targets, or expand into a peer benchmarking overlay comparing JSWSTEEL against Tata Steel and SAIL?