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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 2024-03-06 View latest technical analysis

10 day averaged volume of Jindal Steel is 2279247

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	830.15	826.70	833.95	801.40	0.986 times
05 Tue Mar 2024	824.45	839.45	840.55	822.00	0.675 times
04 Mon Mar 2024	839.45	837.85	849.50	826.00	1.253 times
02 Sat Mar 2024	838.50	825.10	844.85	823.60	0.21 times
01 Fri Mar 2024	822.85	780.50	825.00	775.45	2.306 times
29 Thu Feb 2024	776.25	758.05	779.60	755.95	1.098 times
28 Wed Feb 2024	755.25	778.05	781.40	752.85	0.427 times
27 Tue Feb 2024	776.10	774.40	785.00	768.80	0.597 times
26 Mon Feb 2024	771.30	787.10	787.35	768.00	0.531 times
23 Fri Feb 2024	786.55	791.50	795.80	784.10	1.357 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 812.5, but if it comes below 812.5, then a intra day sell could be more profitable.
If you take a sell trade below 812.5, then use 812.5 as stoploss and 781.47 as target. However if you take a buy trade in stock , then use 812.5 as stoploss and 849.8 as target.

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	581.60
Downside Target	671.05
Downside Target	708.70
Downside Target	741.85
Downside Target	779.60
Downside Target	795.80
Downside Target	801.40
Downside Target	804.45
Upside Target	844.85
Upside Target	849.50

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Intraday Target	804.53
Downside Intraday Target	778.92
Upside Intraday Target	852.63
Upside Intraday Target	875.12
Downside Intraday Target	827.02

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	830.15	837.85	849.50	801.40	0.564 times
02 Sat Mar 2024	838.50	787.10	844.85	752.85	0.879 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

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
06 Wed Mar 2024	830.15	780.50	849.50	775.45	0.241 times
29 Thu Feb 2024	776.25	766.75	804.45	708.70	1.408 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

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 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 losing 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 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 SELL signal for Jindal Steel in short term but SELL signal is weak.

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 806.73 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.