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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 2024-10-18 View latest technical analysis

10 day averaged volume of Jindal Steel is 3313404

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	964.50	929.80	973.20	923.70	0.814 times
17 Thu Oct 2024	930.00	959.00	961.95	915.00	1.546 times
16 Wed Oct 2024	960.25	965.00	971.95	950.05	2.146 times
15 Tue Oct 2024	968.70	996.95	999.55	965.00	2.134 times
14 Mon Oct 2024	993.15	1006.05	1017.10	984.35	0.588 times
11 Fri Oct 2024	1005.85	989.00	1014.00	989.00	0.554 times
10 Thu Oct 2024	990.75	1008.70	1034.20	986.00	0.427 times
09 Wed Oct 2024	999.50	985.50	1009.65	965.55	0.654 times
08 Tue Oct 2024	982.90	999.00	999.00	965.00	0.789 times
07 Mon Oct 2024	1000.60	1026.05	1030.70	987.10	0.517 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 973.9, but if it comes above 973.9, then a intra day buy could be more profitable.
If you take a sell trade below 973.9, then use 973.9 as stoploss and 937 as target. However if you take a buy trade in stock , then use 973.9 as stoploss and 1004.64 as target.

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	913.97
Downside Intraday Target	863.43
Upside Intraday Target	1016.07
Upside Intraday Target	1067.63
Upside Intraday Target	965.53

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	964.50	1006.05	1017.10	915.00	2.457 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
18 Fri Oct 2024	964.50	1050.00	1069.00	915.00	0.974 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 969.77 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.