The logo of Jindal Stainless is seen inside its plant in Hisar, Haryana, India, May 30, 2025.
| Photo Credit:
PRIYANSHU SINGH
The short-term outlook is bullish for Jindal Stainless. The stock has surged over 7 per cent last week when the broader markets were down. The rise last week is significant as it has happened from a trendline as well as the 200-Day Moving Average (DMA) support. Immediate support is at ₹690. Below that ₹650 is the next strong support. The chances are high for the stock to sustain above ₹690 itself.
Video Credit: Gurumurthy K
Jindal Stainless share price can rise to ₹780 in the coming weeks. Traders can buy Jindal Stainless shares now at ₹706. Accumulate on dips at ₹694. Keep the stop-loss at ₹665. Trail the stop-loss up to ₹715 as soon as the stock goes up to ₹725. Revise the stop-loss higher to ₹730 and ₹755 when the price touches ₹745 and ₹765 respectively. Exit the longs at ₹775.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on August 4, 2025
