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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 2024-04-02 View latest technical analysis

10 day averaged volume of Jindal Steel is 2470151

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	896.90	875.00	900.00	857.30	1.655 times
01 Mon Apr 2024	868.35	858.00	873.50	855.15	0.882 times
28 Thu Mar 2024	849.15	836.05	854.00	836.00	0.709 times
27 Wed Mar 2024	833.10	841.00	843.90	826.95	0.594 times
26 Tue Mar 2024	837.20	842.90	867.70	835.25	1.436 times
22 Fri Mar 2024	832.90	818.95	835.80	813.40	0.834 times
21 Thu Mar 2024	821.55	798.10	823.40	778.10	1.393 times
20 Wed Mar 2024	782.35	798.90	803.40	774.95	0.515 times
19 Tue Mar 2024	794.25	806.00	817.05	790.60	1.024 times
18 Mon Mar 2024	808.00	767.75	810.90	767.75	1.636 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 892.8, for a target of 854.3 or 822.19

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	671.05
Downside Target	687.80
Downside Target	708.70
Downside Target	756.50
Downside Target	801.40
Downside Target	826.95
Downside Target	851.00
Downside Target	855.15
Downside Target	867.70
Upside Target	900.00

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Intraday Target	868.03
Downside Intraday Target	839.17
Upside Intraday Target	912.88
Upside Intraday Target	928.87
Downside Intraday Target	884.02

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	896.90	858.00	900.00	855.15	0.926 times
28 Thu Mar 2024	849.15	842.90	867.70	826.95	0.507 times
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

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
02 Tue Apr 2024	896.90	858.00	900.00	855.15	0.141 times
28 Thu Mar 2024	849.15	780.50	867.70	756.50	0.869 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

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 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 Strong 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 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 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 and the buying is gaining 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 835.98 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.