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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 2654639

Date Daily Closing Price Open High Low Volume
14 Fri Jun 2024 1052.45 1043.50 1059.25 1036.00 1.025 times
13 Thu Jun 2024 1041.25 1039.00 1053.00 1036.40 0.438 times
12 Wed Jun 2024 1027.70 1012.90 1037.85 1005.15 1.075 times
11 Tue Jun 2024 1008.90 1010.00 1019.00 1001.60 0.46 times
10 Mon Jun 2024 1012.15 1033.80 1033.80 1004.60 0.909 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1064.8 as stoploss in an intra day sell trade for a target of 1036.96. However, stock will show a bullish move above 1064.8.

Share price targets for Jindal Steel (JINDALSTEL)

Target Type Value
Downside Target 708.70
Downside Target 756.50
Downside Target 804.45
Downside Target 855.15
Downside Target 901.20
Downside Target 948.60
Downside Target 1001.60
Upside Target 1059.25
Upside Target 1079.90
Upside Target 1080.00
Upside Target 1085.95

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type Value
Downside Intraday Target 1016.28
Downside Intraday Target 980.12
Upside Intraday Target 1073.93
Upside Intraday Target 1095.42
Downside Intraday Target 1037.77

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date Weekly Closing Price Open High Low Volume
14 Fri Jun 2024 1052.45 1033.80 1059.25 1001.60 0.641 times
07 Fri Jun 2024 1026.95 1080.00 1080.00 901.20 2.126 times
31 Fri May 2024 1028.15 1071.00 1079.90 1016.60 0.961 times
24 Fri May 2024 1069.20 1024.70 1085.95 1010.05 0.478 times
17 Fri May 2024 1015.50 931.70 1028.00 908.60 1.935 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
14 Fri Jun 2024 1052.45 1080.00 1080.00 901.20 0.586 times
31 Fri May 2024 1028.15 934.00 1085.95 908.60 0.864 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

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 24, 26, 4 Sell
MACD 41, 44Sell
Stochastics 78Buy
CCI 90Buy
RSI 56Buy
OBV 470571Sell
VWAP 1013Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Jindal Steel ( (JINDALSTEL) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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

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 1013 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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