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(JINDALSTEL) Jindal Steel complete technical analysis [charts+indicators] | Buy/Sell Jindal Steel | (JINDALSTEL) share price targets

Complete technical analysis of Jindal Steel (JINDALSTEL) by charts plus indicators, forecast predictions and share price targets for Jindal Steel (JINDALSTEL)

Jindal Steel trades in NSE in Iron & Steel sector.

Showing technical analysis as on 2024-02-22 View latest technical analysis

10 day averaged volume of Jindal Steel is 2019022

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	783.70	777.60	787.50	774.20	1.747 times
21 Wed Feb 2024	771.50	773.00	785.00	761.85	1.894 times
20 Tue Feb 2024	760.00	763.00	768.00	753.00	0.852 times
19 Mon Feb 2024	759.00	772.00	773.95	757.05	0.615 times
16 Fri Feb 2024	769.50	769.00	779.60	766.15	0.59 times
15 Thu Feb 2024	765.20	763.00	773.95	755.50	1.038 times
14 Wed Feb 2024	758.15	720.00	760.65	720.00	1.149 times
13 Tue Feb 2024	736.55	743.00	743.00	708.70	1.138 times
12 Mon Feb 2024	743.50	761.45	770.90	737.35	0.7 times
09 Fri Feb 2024	761.45	775.50	776.95	741.85	0.931 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 776.7, but if it comes below 776.7, then a intra day sell could be more profitable.
If you take a sell trade below 776.7, then use 776.7 as stoploss and 758.97 as target. However if you take a buy trade in stock , then use 776.7 as stoploss and 798.1 as target.

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	581.60
Downside Target	628.50
Downside Target	671.05
Downside Target	705.70
Downside Target	738.00
Downside Target	763.55
Downside Target	767.90
Downside Target	779.60
Downside Target	782.20
Upside Target	787.50
Upside Target	804.45

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Intraday Target	761.97
Downside Intraday Target	740.23
Upside Intraday Target	796.47
Upside Intraday Target	809.23
Downside Intraday Target	774.73

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	783.70	772.00	787.50	753.00	1.106 times
16 Fri Feb 2024	769.50	761.45	779.60	708.70	0.685 times
09 Fri Feb 2024	761.45	781.90	804.45	741.85	0.843 times
02 Fri Feb 2024	776.00	723.00	782.20	715.00	2.319 times
25 Thu Jan 2024	716.30	735.00	738.00	687.80	0.722 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Jindal Steel (JINDALSTEL)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	783.70	766.75	804.45	708.70	1.158 times
31 Wed Jan 2024	757.15	752.00	763.55	687.80	0.623 times
29 Fri Dec 2023	748.10	678.00	767.90	671.05	1.192 times
30 Thu Nov 2023	670.80	611.00	674.75	581.60	1.442 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Jindal Steel (JINDALSTEL)

Price action analysis of Jindal Steel ( (JINDALSTEL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Jindal Steel ( (JINDALSTEL) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Jindal Steel ( (JINDALSTEL) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Jindal Steel ( (JINDALSTEL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Jindal Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Jindal Steel in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Jindal Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Jindal Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Jindal Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 763.24 and Jindal Steel (JINDALSTEL) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Jindal Steel (JINDALSTEL) stock. Volume based technical analysis of Jindal Steel (JINDALSTEL) stock is negative.

Jindal Steel Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.