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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 2024-02-28 View latest technical analysis

10 day averaged volume of Jindal Steel is 2158421

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	755.25	778.05	781.40	752.85	0.451 times
27 Tue Feb 2024	776.10	774.40	785.00	768.80	0.63 times
26 Mon Feb 2024	771.30	787.10	787.35	768.00	0.56 times
23 Fri Feb 2024	786.55	791.50	795.80	784.10	1.433 times
22 Thu Feb 2024	783.70	777.60	787.50	774.20	1.634 times
21 Wed Feb 2024	771.50	773.00	785.00	761.85	1.772 times
20 Tue Feb 2024	760.00	763.00	768.00	753.00	0.797 times
19 Mon Feb 2024	759.00	772.00	773.95	757.05	0.576 times
16 Fri Feb 2024	769.50	769.00	779.60	766.15	0.552 times
15 Thu Feb 2024	765.20	763.00	773.95	755.50	0.971 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 752.1 as stoploss in an intra day buy trade for a target of 765.91. However, stock will show a bearish move below 752.1.

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
Upside Target	767.90
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	742.95
Downside Intraday Target	730.65
Upside Intraday Target	777.45
Upside Intraday Target	799.65
Upside Intraday Target	765.15

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	755.25	787.10	787.35	752.85	0.264 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
28 Wed Feb 2024	755.25	766.75	804.45	708.70	1.34 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 down 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 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 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Jindal Steel in short term but the sell signal is initial and weak.

Jindal Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Jindal Steel in short term and SELL 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 772.93 and Jindal Steel (JINDALSTEL) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.