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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 2024-10-09 View latest technical analysis

10 day averaged volume of Jindal Steel is 2834815

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	999.50	985.50	1009.65	965.55	0.764 times
08 Tue Oct 2024	982.90	999.00	999.00	965.00	0.922 times
07 Mon Oct 2024	1000.60	1026.05	1030.70	987.10	0.605 times
04 Fri Oct 2024	1021.10	1055.00	1057.85	1013.40	0.754 times
03 Thu Oct 2024	1051.05	1030.00	1069.00	1027.05	2.192 times
01 Tue Oct 2024	1035.35	1050.00	1050.00	1019.45	0.84 times
30 Mon Sep 2024	1039.65	1038.00	1058.85	1023.55	1.072 times
27 Fri Sep 2024	1028.05	1036.00	1048.90	1011.10	1.059 times
26 Thu Sep 2024	1028.25	1027.00	1035.70	1013.80	0.671 times
25 Wed Sep 2024	1020.80	1053.00	1054.75	1018.50	0.905 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 998.4 as stoploss in an intra day buy trade for a target of 1020.29. However, stock will show a bearish move below 998.4.

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	896.00
Downside Target	965.00
Downside 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	966.1
Downside Intraday Target	932.7
Upside Intraday Target	1031.8
Upside Intraday Target	1064.1
Downside Intraday Target	998.4

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	999.50	1026.05	1030.70	965.00	0.472 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
09 Wed Oct 2024	999.50	1050.00	1069.00	965.00	0.378 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Jindal Steel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 1025.72 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 positive

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