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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 2024-02-27 View latest technical analysis

10 day averaged volume of Jindal Steel is 2252267

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	776.10	774.40	785.00	768.80	0.604 times
26 Mon Feb 2024	771.30	787.10	787.35	768.00	0.537 times
23 Fri Feb 2024	786.55	791.50	795.80	784.10	1.374 times
22 Thu Feb 2024	783.70	777.60	787.50	774.20	1.566 times
21 Wed Feb 2024	771.50	773.00	785.00	761.85	1.698 times
20 Tue Feb 2024	760.00	763.00	768.00	753.00	0.764 times
19 Mon Feb 2024	759.00	772.00	773.95	757.05	0.552 times
16 Fri Feb 2024	769.50	769.00	779.60	766.15	0.529 times
15 Thu Feb 2024	765.20	763.00	773.95	755.50	0.931 times
14 Wed Feb 2024	758.15	720.00	760.65	720.00	1.03 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 779.7 as stoploss in an intra day sell trade for a target of 766. However, stock will show a bullish move above 779.7.

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	741.85
Downside Target	768.00
Upside Target	779.60
Upside Target	782.20
Upside Target	787.35
Upside Target	795.80
Upside Target	804.45

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Intraday Target	766.95
Downside Intraday Target	757.8
Upside Intraday Target	786.3
Upside Intraday Target	796.5
Upside Intraday Target	777.15

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	776.10	787.10	787.35	768.00	0.192 times
23 Fri Feb 2024	786.55	772.00	795.80	753.00	1.438 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

Price has moved down 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
27 Tue Feb 2024	776.10	766.75	804.45	708.70	1.313 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. 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.

Jindal Steel Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 772.14 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.