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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 2024-08-05 View latest technical analysis

10 day averaged volume of Jindal Steel is 2143635

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	917.85	937.90	946.05	903.45	1.555 times
02 Fri Aug 2024	956.75	969.00	974.65	953.15	0.925 times
01 Thu Aug 2024	983.30	996.00	1006.65	975.20	0.58 times
31 Wed Jul 2024	988.25	990.00	992.00	980.15	0.459 times
30 Tue Jul 2024	976.50	966.90	981.65	956.10	0.567 times
29 Mon Jul 2024	966.90	979.50	982.80	963.50	0.745 times
26 Fri Jul 2024	972.35	947.20	973.50	942.30	1.456 times
25 Thu Jul 2024	937.80	940.00	954.30	918.90	2.342 times
24 Wed Jul 2024	972.45	952.80	974.95	945.85	1.113 times
23 Tue Jul 2024	952.80	955.20	961.60	927.25	0.652 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 914.9, for a target of 950.9 or 980.83

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	855.15
Downside Target	901.20
Upside Target	944.45
Upside Target	974.95
Upside Target	992.00
Upside Target	1006.65
Upside Target	1028.00
Upside Target	1054.45
Upside Target	1075.20
Upside Target	1085.95
Upside Target	1097.00

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Intraday Target	898.85
Downside Intraday Target	879.85
Upside Intraday Target	941.45
Upside Intraday Target	965.05
Upside Intraday Target	922.45

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	917.85	937.90	946.05	903.45	0.475 times
02 Fri Aug 2024	956.75	979.50	1006.65	953.15	0.487 times
26 Fri Jul 2024	972.35	942.00	974.95	918.90	1.365 times
19 Fri Jul 2024	946.35	1017.90	1028.00	944.45	1.357 times
12 Fri Jul 2024	1013.90	1050.55	1054.45	992.00	0.946 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
05 Mon Aug 2024	917.85	996.00	1006.65	903.45	0.146 times
31 Wed Jul 2024	988.25	1045.00	1075.20	918.90	0.927 times
28 Fri Jun 2024	1044.40	1080.00	1097.00	901.20	1.066 times
31 Fri May 2024	1028.15	934.00	1085.95	908.60	0.864 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Jindal Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Jindal Steel in short term and the sell signal is strong.

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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 954.96 and Jindal Steel (JINDALSTEL) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.