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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 2024-03-11 View latest technical analysis

10 day averaged volume of Jindal Steel is 2059444

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	827.75	845.00	845.00	823.60	0.692 times
07 Thu Mar 2024	839.00	833.00	851.00	832.20	1.057 times
06 Wed Mar 2024	830.15	826.70	833.95	801.40	1.091 times
05 Tue Mar 2024	824.45	839.45	840.55	822.00	0.747 times
04 Mon Mar 2024	839.45	837.85	849.50	826.00	1.387 times
02 Sat Mar 2024	838.50	825.10	844.85	823.60	0.232 times
01 Fri Mar 2024	822.85	780.50	825.00	775.45	2.552 times
29 Thu Feb 2024	776.25	758.05	779.60	755.95	1.215 times
28 Wed Feb 2024	755.25	778.05	781.40	752.85	0.473 times
27 Tue Feb 2024	776.10	774.40	785.00	768.80	0.66 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 822.4, but if it comes below 822.4, then a intra day sell could be more profitable.
If you take a sell trade below 822.4, then use 822.4 as stoploss and 789.56 as target. However if you take a buy trade in stock , then use 822.4 as stoploss and 861.9 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	752.85
Downside Target	795.80
Downside Target	801.40
Downside Target	804.45
Downside Target	823.60
Upside Target	844.85
Upside Target	845.00
Upside Target	851.00

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Intraday Target	819.23
Downside Intraday Target	810.72
Upside Intraday Target	840.63
Upside Intraday Target	853.52
Upside Intraday Target	832.12

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	827.75	845.00	845.00	823.60	0.162 times
07 Thu Mar 2024	839.00	837.85	851.00	801.40	0.748 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

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
11 Mon Mar 2024	827.75	780.50	851.00	775.45	0.311 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 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 neutral. A longer time frame might give a better analysis.

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.

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 coming down

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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 816.6 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.