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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 2375414

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 1077.25 1065.00 1097.00 1050.25 1.589 times
20 Thu Jun 2024 1056.40 1051.00 1074.90 1044.30 1.002 times
19 Wed Jun 2024 1046.95 1043.90 1050.95 1029.00 0.873 times
18 Tue Jun 2024 1034.25 1060.95 1060.95 1024.20 1.178 times
14 Fri Jun 2024 1052.45 1043.50 1059.25 1036.00 1.146 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1061.5, but if it comes below 1061.5, then a intra day sell could be more profitable.
If you take a sell trade below 1061.5, then use 1061.5 as stoploss and 1035.83 as target. However if you take a buy trade in stock , then use 1061.5 as stoploss and 1092.2 as target.

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
Downside Target 1059.25
Upside Target 1079.90
Upside Target 1080.00
Upside Target 1085.95
Upside Target 1097.00

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type Value
Downside Intraday Target 1035.3
Downside Intraday Target 993.35
Upside Intraday Target 1108.1
Upside Intraday Target 1138.95
Downside Intraday Target 1066.15

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 1077.25 1060.95 1097.00 1024.20 1.063 times
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

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
21 Fri Jun 2024 1077.25 1080.00 1097.00 901.20 0.83 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 28, 20, 18 Buy
MACD 44, 43Buy
Stochastics 81Buy
CCI 160Buy
RSI 54Buy
OBV -1632415Sell
VWAP 1042Buy
ADL 0Sell
ROC 5Buy
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 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 Weak 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 tired and bears are picking up momentum.

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 and the buying is gaining 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 1041.78 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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