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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)

10 day averaged volume of Jindal Steel is 2431233

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 1077.70 1077.90 1085.95 1058.60 0.892 times
21 Tue May 2024 1068.95 1014.00 1075.00 1014.00 1.457 times
20 Mon May 2024 1016.65 1024.70 1024.70 1010.05 0.047 times
17 Fri May 2024 1015.50 1005.00 1028.00 1002.00 0.703 times
16 Thu May 2024 1005.25 996.00 1009.95 993.45 1.541 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1068.4, for a target of 1012.2 or 965.34

Share price targets for Jindal Steel (JINDALSTEL)

Target Type Value
Downside Target 687.80
Downside Target 708.70
Downside Target 756.50
Downside Target 804.45
Downside Target 855.15
Downside Target 905.10
Downside Target 946.90
Downside Target 949.70
Downside Target 960.00
Downside Target 1010.05
Downside Target 1028.00
Upside Target 1085.95

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type Value
Downside Intraday Target 1029.85
Downside Intraday Target 982
Upside Intraday Target 1105.75
Upside Intraday Target 1133.8
Downside Intraday Target 1057.9

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 1077.70 1024.70 1085.95 1010.05 0.352 times
17 Fri May 2024 1015.50 931.70 1028.00 908.60 1.935 times
10 Fri May 2024 930.55 935.95 949.70 911.00 1.09 times
03 Fri May 2024 931.50 935.00 960.00 923.45 0.71 times
26 Fri Apr 2024 931.85 935.80 946.90 905.10 0.988 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
22 Wed May 2024 1077.70 934.00 1085.95 908.60 0.679 times
30 Tue Apr 2024 929.65 858.00 948.60 855.15 1.176 times
28 Thu Mar 2024 849.15 780.50 867.70 756.50 0.869 times
29 Thu Feb 2024 776.25 766.75 804.45 708.70 1.408 times

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 41, 5, 79 Buy
MACD 79, 64Buy
Stochastics 94Buy
CCI 133Buy
RSI 58Buy
OBV 24503226Sell
VWAP 1001Buy
ADL 0Sell
ROC 14Buy
Force Index 0Sell

Price action analysis of Jindal Steel ( (JINDALSTEL) ) based on a short 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 short 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 stronger in this stock.

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

CCI has generated a buy signal for Jindal Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 1001.45 and Jindal Steel (JINDALSTEL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

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

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