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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 2024-10-17 View latest technical analysis

10 day averaged volume of Jindal Steel is 3422619

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	930.00	959.00	961.95	915.00	1.496 times
16 Wed Oct 2024	960.25	965.00	971.95	950.05	2.077 times
15 Tue Oct 2024	968.70	996.95	999.55	965.00	2.066 times
14 Mon Oct 2024	993.15	1006.05	1017.10	984.35	0.57 times
11 Fri Oct 2024	1005.85	989.00	1014.00	989.00	0.536 times
10 Thu Oct 2024	990.75	1008.70	1034.20	986.00	0.414 times
09 Wed Oct 2024	999.50	985.50	1009.65	965.55	0.633 times
08 Tue Oct 2024	982.90	999.00	999.00	965.00	0.764 times
07 Mon Oct 2024	1000.60	1026.05	1030.70	987.10	0.501 times
04 Fri Oct 2024	1021.10	1055.00	1057.85	1013.40	0.625 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 942, for a target of 977.2 or 1006.55

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	896.00
Upside Target	965.00
Upside Target	997.55
Upside Target	1034.20
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	890.97
Downside Intraday Target	851.93
Upside Intraday Target	993.07
Upside Intraday Target	1056.13
Upside Intraday Target	954.03

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	930.00	1006.05	1017.10	915.00	2.181 times
11 Fri Oct 2024	1005.85	1026.05	1034.20	965.00	0.708 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Jindal Steel (JINDALSTEL)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	930.00	1050.00	1069.00	915.00	0.915 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 neutral. A longer time frame might give a better analysis.

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 neutral. A longer time frame might give a better analysis.

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 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 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

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 973.51 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.