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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 2024-03-22 View latest technical analysis

10 day averaged volume of Jindal Steel is 2339847

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	832.90	818.95	835.80	813.40	0.88 times
21 Thu Mar 2024	821.55	798.10	823.40	778.10	1.47 times
20 Wed Mar 2024	782.35	798.90	803.40	774.95	0.544 times
19 Tue Mar 2024	794.25	806.00	817.05	790.60	1.081 times
18 Mon Mar 2024	808.00	767.75	810.90	767.75	1.727 times
15 Fri Mar 2024	767.75	780.00	783.10	760.90	1.032 times
14 Thu Mar 2024	781.60	764.95	784.90	756.50	0.974 times
13 Wed Mar 2024	764.20	807.50	814.70	760.20	0.93 times
12 Tue Mar 2024	807.15	827.75	832.90	800.65	0.704 times
11 Mon Mar 2024	827.75	845.00	845.00	823.60	0.609 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 831.1, but if it comes below 831.1, then a intra day sell could be more profitable.
If you take a sell trade below 831.1, then use 831.1 as stoploss and 803.04 as target. However if you take a buy trade in stock , then use 831.1 as stoploss and 864.9 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
Upside Target	835.80
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	788.5
Downside Intraday Target	744.1
Upside Intraday Target	856.55
Upside Intraday Target	880.2
Downside Intraday Target	812.15

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	832.90	767.75	835.80	767.75	1.342 times
15 Fri Mar 2024	767.75	845.00	845.00	756.50	1.128 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

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 Fri Mar 2024	832.90	780.50	851.00	756.50	0.737 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 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 but buying is losing 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 799.61 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 falling down

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.