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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.

10 day averaged volume of Jindal Steel is 2337200

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	942.10	935.00	945.00	930.50	0.551 times
26 Fri Apr 2024	931.85	942.00	946.90	926.45	0.78 times
25 Thu Apr 2024	942.25	935.75	945.00	926.05	1.215 times
24 Wed Apr 2024	936.50	914.75	944.45	911.15	1.555 times
23 Tue Apr 2024	909.85	921.90	922.45	905.10	0.434 times
22 Mon Apr 2024	917.65	935.80	945.35	915.30	0.751 times
19 Fri Apr 2024	927.25	900.00	931.95	885.80	1.656 times
18 Thu Apr 2024	905.85	906.15	936.00	899.20	1.407 times
16 Tue Apr 2024	901.80	892.00	909.20	883.00	0.667 times
15 Mon Apr 2024	893.75	892.55	913.00	876.05	1.064 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 930, but if it comes below 930, then a intra day sell could be more profitable.
If you take a sell trade below 930, then use 930 as stoploss and 907.71 as target. However if you take a buy trade in stock , then use 930 as stoploss and 956.8 as target.

Share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Target	671.05
Downside Target	687.80
Downside Target	708.70
Downside Target	756.50
Downside Target	804.45
Downside Target	855.15
Downside Target	921.50
Downside Target	927.00
Downside Target	930.50
Downside Target	936.00
Upside Target	945.00
Upside Target	946.90

Intraday share price targets for Jindal Steel (JINDALSTEL)

Target Type	Value
Downside Intraday Target	933.4
Downside Intraday Target	924.7
Upside Intraday Target	947.9
Upside Intraday Target	953.7
Downside Intraday Target	939.2

Weekly technical analysis of Jindal Steel (JINDALSTEL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	942.10	935.00	945.00	930.50	0.116 times
26 Fri Apr 2024	931.85	935.80	946.90	905.10	0.988 times
19 Fri Apr 2024	927.25	892.55	936.00	876.05	0.882 times
12 Fri Apr 2024	897.55	916.10	927.00	891.20	0.891 times
05 Fri Apr 2024	915.75	858.00	921.50	855.15	2.108 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
29 Mon Apr 2024	942.10	858.00	946.90	855.15	1.133 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
31 Wed Jan 2024	757.15	752.00	763.55	687.80	0.623 times

Scroll below to view daily charts

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)

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 green color and prices are above the green 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 921.98 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.