Jindal Saw Ltd (JINDALSAW) Stock AnalysisGlobalTradeHub | Jindal Saw Ltd (JINDALSAW) Stock Analysis
Fundamental Analysis:
Jindal Saw, a leading manufacturer of pipes and tubes for oil, gas, and water infrastructure, benefits from strong domestic and export demand. Steady order inflows and government infrastructure spending support revenue growth. Risks include raw material price volatility and global economic slowdowns.
Technical Analysis:
The stock is testing resistance near ₹500. A breakout could push it toward ₹530. Strong support lies at ₹460, with further downside risk if breached. RSI around 61 indicates bullish momentum but not overbought yet.
Key Levels:
- Resistance: ₹500 / ₹530
- Support: ₹460 / ₹430
Conclusion:
Jindal Saw is well-positioned for growth with strong sector demand. A breakout above ₹500 could drive further upside, while dips to support levels may offer buying opportunities. 🔩📈