Jindal Drilling & Industries Technical Momentum Shifts Amid Mixed Market Signals

Nov 19 2025 08:03 AM IST

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Jindal Drilling & Industries has experienced a notable shift in its technical parameters, reflecting a nuanced change in price momentum. The stock’s current price stands at ₹588.00, marking a 1.20% increase from the previous close of ₹581.05, while its 52-week range extends from ₹532.30 to ₹990.50. Recent technical indicators reveal a transition from a bearish to a mildly bearish trend, underscoring a complex market environment for this oil sector player.

The Moving Average Convergence Divergence (MACD) presents a mixed picture: weekly data suggests a mildly bullish stance, whereas monthly readings indicate a mildly bearish outlook. This divergence points to short-term momentum gains contrasted with longer-term caution. The Relative Strength Index (RSI) remains neutral on both weekly and monthly scales, signalling an absence of strong momentum in either direction. Meanwhile, Bollinger Bands on weekly and monthly charts lean mildly bearish, suggesting price volatility remains contained but with a downward bias.

Daily moving averages for Jindal Drilling & Industries indicate a mildly bearish trend, aligning with the weekly and monthly KST (Know Sure Thing) oscillator readings which also reflect bearish tendencies. Dow Theory analysis corroborates this mildly bearish sentiment across weekly and monthly timeframes. The On-Balance Volume (OBV) metric, a volume-based indicator, similarly signals a mildly bearish trend, suggesting that trading volumes have not strongly supported upward price movements recently.

From a market capitalisation perspective, the company holds a grade of 3, with a Mojo Score of 57.0 and a recent adjustment in its evaluation grade from Sell to Hold as of 26 May 2025. This change reflects a revision in the technical assessment rather than a fundamental shift. The stock’s day range today spans from ₹573.45 to ₹598.80, indicating moderate intraday volatility.

Examining Jindal Drilling & Industries’ returns relative to the Sensex reveals a mixed performance. Over the past week and month, the stock has outperformed the benchmark with returns of 5.97% and 7.40% respectively, compared to Sensex returns of 0.96% and 0.86%. However, year-to-date and one-year returns show the stock underperforming the Sensex, with declines of 24.07% and 22.94% against Sensex gains of 8.36% and 9.48%. Longer-term performance over three, five, and ten years demonstrates significant outperformance, with returns of 92.00%, 628.17%, and 383.95% respectively, compared to Sensex returns of 37.31%, 91.65%, and 232.28% over the same periods.

In summary, Jindal Drilling & Industries is navigating a complex technical landscape with mixed signals from key momentum indicators. The mildly bearish trend across multiple timeframes and technical tools suggests cautious investor sentiment, while short-term momentum indicators offer some positive signals. Investors analysing this oil sector stock should consider these nuanced technical factors alongside broader market conditions and sector dynamics.

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