Jindal Steel Breakout Study | Momentum, Volume & Key Levels📊 STWP Stock Analysis – JINDAL STEEL (3rd Sept 2025)
Price Action:
Jindal Steel surged to a CMP of ₹1028.35, marking an impressive +5.46% gain on the day. The stock is currently riding on strong momentum with a clear bullish crossover trend, signaling further upside potential. However, traders must remain cautious as the risk level is high, fueled by sharp price swings. What adds conviction to the move is the heavy volume participation, showing strong market interest and active participation by investors.
Volume & Participation
Jindal Steel witnessed a massive trading volume of 45.2 lakh shares today, almost 2x its 20-SMA average of 19.9 lakh shares (Volx: 1.98x ). This sharp surge in participation clearly highlights the presence of strong hands in action, adding weight to the bullish move and reinforcing market conviction.
Indicator Check
The indicators are painting a mixed yet insightful picture for Jindal Steel. The RSI at 61.1 shows strong momentum, while the CCI at 109 confirms a bullish bias. However, the MACD at -1.07 signals a slight bearish crossover, which needs monitoring. Meanwhile, the Stochastic at 98 suggests the stock is overbought, hinting at possible short-term profit booking. Importantly, prices remain above all key EMAs, reinforcing the broader bullish structure.
Key levels
Resistance: 1048/1067/1105
Support: 991/953/934
📰 Latest News Snapshot — JINDALSTEL
Jindal Steel & Power is making headlines on multiple fronts. In its Q1 FY26 results (Aug 12, 2025), the company delivered a strong turnaround with net profit at ₹1,494 crore, aided by a 32% QoQ jump in EBITDA and healthier margins at 24.4%, though revenues softened to about ₹12,294 crore. On the operational side, JSPL commissioned its first continuous galvanising line (CGL-1) at Angul, Odisha, enhancing its ability to supply value-added coated steel for automobiles, appliances, infrastructure, and construction — a big step in product diversification. Meanwhile, the market responded positively as the stock surged 4–5% on heavy volumes on September 3, 2025, also factoring in its recent ₹2/share final dividend declaration.
🧭 Sentiment Outlook & Investment Perspective
Jindal Steel & Power is showing a moderately positive outlook, backed by a strong turnaround in profitability with margins and EBITDA improving, while its new galvanising line at Angul adds valuable capacity in coated steel for autos, appliances, and infrastructure — a move that strengthens its long-term product mix and earnings potential. The recent surge in trading volumes and price action highlights strong market participation, which can attract further momentum buying in the near term. However, risks remain in the form of softer revenues, exposure to the cyclical swings of steel prices and exports, and the possibility of short-term corrections after sharp rallies. In the short term, volatility may stay elevated as the stock digests its recent gains, but in the long term, the focus on higher-margin products and disciplined capacity expansion positions the company constructively for sustainable growth — making it a stock to watch with cautious optimism.
🚀 Bullish Momentum
The stock is also riding on strong technical momentum, with a Bullish Marubozu candle and an Open = Low setup, both pointing to firm buying support. A Bollinger Band breakout following a BB squeeze indicates the potential for sharp price expansion. Adding to the momentum, an RSI breakout, combined with a powerful bullish candle structure, confirms the strength of the move. The setup even aligns with a possible Buy Today, Sell Tomorrow (BTST) opportunity, making the near-term trend look decisively bullish.
📊 STWP Trade Analysis – JINDAL STEEL
JINDAL STEEL is showing strong momentum supported by volume. I will consider my entry near ₹1030 as part of a breakout setup. If the stock dips closer to ₹1015, I will look at that as a more conservative entry with tighter risk, which suits my swing trading approach.
For me, the pullback level around ₹954.25 is an important support zone where buyers might re-enter, while the invalidation level near ₹910 would signal that my bullish view has failed. On the upside, I will be watching ₹1117 and ₹1205 as possible target zones if momentum continues. 🚀
⚠️ Disclaimer – Please Read Carefully
The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment advisor, and all views expressed are based on personal study, chart patterns, and publicly available market data.
Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the money you have invested. Past performance or past setups do not guarantee future results.
If you are a beginner, treat this as a guide to understand how the market works — practice on paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades.
Consult a SEBI-registered financial advisor before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments.
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