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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 2024-08-29 View latest technical analysis

10 day averaged volume of Jindal Steel is 1302558

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	960.50	964.00	967.00	948.55	0.808 times
28 Wed Aug 2024	968.90	974.60	975.00	963.00	0.702 times
27 Tue Aug 2024	968.80	985.50	986.10	966.95	0.755 times
26 Mon Aug 2024	985.60	965.00	987.85	960.15	0.909 times
23 Fri Aug 2024	959.85	969.00	969.00	957.80	0.656 times
22 Thu Aug 2024	965.75	957.45	968.00	948.00	0.876 times
21 Wed Aug 2024	957.60	949.65	959.90	944.00	0.639 times
20 Tue Aug 2024	949.65	957.00	959.15	935.00	0.767 times
19 Mon Aug 2024	953.75	944.30	957.60	931.15	0.957 times
16 Fri Aug 2024	934.50	935.00	941.25	926.05	0.825 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 969.2 as stoploss in an intra day sell trade for a target of 946.34. However, stock will show a bullish move above 969.2.

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	855.15
Downside Target	896.00
Downside Target	949.85
Downside Target	953.15
Upside Target	969.00
Upside Target	987.85
Upside Target	1006.65
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	943.42
Downside Intraday Target	926.33
Upside Intraday Target	982.72
Upside Intraday Target	1004.93
Upside Intraday Target	965.63

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	960.50	965.00	987.85	948.55	0.815 times
23 Fri Aug 2024	959.85	944.30	969.00	931.15	0.583 times
16 Fri Aug 2024	934.50	914.95	941.25	896.00	0.72 times
09 Fri Aug 2024	916.20	937.90	949.85	903.45	1.72 times
02 Fri Aug 2024	956.75	979.50	1006.65	953.15	0.487 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
29 Thu Aug 2024	960.50	996.00	1006.65	896.00	0.741 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 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Jindal Steel in short term but the buy signal is initial and weak.

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 red color and prices are in or above the red 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 positive zone. This is a BUY 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 960.63 and Jindal Steel (JINDALSTEL) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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