A TECHNICAL UPDATE ON JINDAL SAW LTD-28.8.2025

 

JINDAL SAW LTD

 

TTM/EPS;-Rs.26.92 (-6.97%yoy)

TTM/PE:-7.36 /SECTOR PE:-27.37.

BOOK VALUE:-Rs.157.85

PRICE TO BOOK VALUE:-1.26

DIVIDEND YIELD:-1.01%

FACE VALUE: - Rs.1/

EQUITY: - 63cr.

SHARE HOLDING PATTERN: - PROMOTER—63.27% ---FII---15.12%----DII---4.77%----PUBLIC---13.55% & OTHERS---3.30%.

All-Time High: --Rs.383.85.

All-Time Low: --Rs.1.71.

Recent Low: -Rs. 189.97. 

Open---205.09----High---205.09---Low—197---Close---198.17 on 26.8.2025. 

FINANCIAL FACTS: - IT HAS POSTED A LOSS OF -41 CR IN JUNE-2025 QUARTER. 

Support:195.50/189.97/176.55/164.27/154.75/150.15/131.37/113.50/95.50.----- 

Resistance:199.62/202/209.22/216.29/220.80/226.84/230.28/236.47/247.80/260.40/263.42/269.45/273.90/279.22/286.40/295.50/299/331.82/337.80/342.80/355/362/366.05/378.17/379.95/383.85. 

(Bold and underlined figures are most important). 

Technically it is on a very weak footing but now it is near its make or break range of 196.89---189.97, it could bounce back from this range for a while but looking at the overall technical setup it is very much likely that it could break this range and head down further, therefore it seems that it may take long time to get back into the good momentum groove. Please note that break & sustained close below the above range can drag it down to the range of 158---150 or lower and finally break & sustained close below this range can drag it down to much lower levels may be in the range of 113.50---106.79 or lower. 

In view of the above observation for investors it is suggested not to hurry for buying and watch out for some time whether it is holding its important range of 196.89---189.97 or not, if it does hold the range for some time then small quantity can bought near or within the range with a strict stop loss of 185, else try buying the stock on the decline in the range of 158—150 with a stop loss of 145. 

PLEASE NOTE THAT IT IS SUGGESTED NOT TO BUY THE STOCK AS OF NOW. WATCH-OUT FOR SOME TIME AND THEN TAKE ACTION WITH THE HELP OF ABOVE TECHNICAL OBSERVATION. 

NOTE: - DO NOT INVEST OR TRADE WITHOUT STOP LOSS. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS. 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.