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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 2024-10-08 View latest technical analysis

10 day averaged volume of Jindal Steel is 2718132

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	982.90	999.00	999.00	965.00	0.962 times
07 Mon Oct 2024	1000.60	1026.05	1030.70	987.10	0.631 times
04 Fri Oct 2024	1021.10	1055.00	1057.85	1013.40	0.787 times
03 Thu Oct 2024	1051.05	1030.00	1069.00	1027.05	2.286 times
01 Tue Oct 2024	1035.35	1050.00	1050.00	1019.45	0.877 times
30 Mon Sep 2024	1039.65	1038.00	1058.85	1023.55	1.118 times
27 Fri Sep 2024	1028.05	1036.00	1048.90	1011.10	1.105 times
26 Thu Sep 2024	1028.25	1027.00	1035.70	1013.80	0.7 times
25 Wed Sep 2024	1020.80	1053.00	1054.75	1018.50	0.944 times
24 Tue Sep 2024	1041.55	1032.00	1053.00	1032.00	1.022 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 993.4, but if it comes above 993.4, then a intra day buy could be more profitable.
If you take a sell trade below 993.4, then use 993.4 as stoploss and 963.5 as target. However if you take a buy trade in stock , then use 993.4 as stoploss and 1018.41 as target.

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	896.00
Downside Target	965.00
Upside Target	997.55
Upside Target	1035.70
Upside Target	1054.75
Upside Target	1069.00
Upside Target	1073.70
Upside Target	1075.20
Upside Target	1097.00

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Intraday Target	955.03
Downside Intraday Target	927.17
Upside Intraday Target	1020.73
Upside Intraday Target	1058.57
Upside Intraday Target	992.87

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	982.90	1026.05	1030.70	965.00	0.314 times
04 Fri Oct 2024	1021.10	1038.00	1069.00	1013.40	1.177 times
27 Fri Sep 2024	1028.05	1015.00	1054.75	1008.60	0.841 times
20 Fri Sep 2024	1009.40	1036.00	1073.70	997.55	1.235 times
13 Fri Sep 2024	1031.10	953.95	1035.70	933.00	1.975 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
08 Tue Oct 2024	982.90	1050.00	1069.00	965.00	0.33 times
30 Mon Sep 2024	1039.65	975.00	1073.70	929.05	1.271 times
30 Fri Aug 2024	970.40	996.00	1006.65	896.00	0.801 times
31 Wed Jul 2024	988.25	1045.00	1075.20	918.90	0.927 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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Jindal Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 1029.28 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.