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Stock analysis Jindal Steel & Power Limited JINDALSTEL

More indepth analysis on MunafaSutra.com

Moving Averages for Jindal Steel & Power Limited

  • 5Day Average: 919.42
  • 12Day Average: 909.82
  • 20Day Average: 892.06
  • 50Day Average: 829.28
  • 100Day Average: 778.3
  • 150Day Average: 739.9
  • 200Day Average: 719.73

JINDALSTEL Indicators & signals

Indicator MACD (12,26,9)

906.24, 878.21, 28.03
Indicator MACD is in positive zone

Indicator ADX (14)

26.84, 28.61, 16.5
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of JINDALSTEL Jindal Steel & Power Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Wed Apr 2024 936.50 911.15 to 944.45 2.93% 1.36 times
23 Tue Apr 2024 909.85 905.10 to 922.45 -0.85% 0.38 times
22 Mon Apr 2024 917.65 915.30 to 945.35 -1.04% 0.66 times
19 Fri Apr 2024 927.25 885.80 to 931.95 2.36% 1.45 times
18 Thu Apr 2024 905.85 899.20 to 936.00 0.45% 1.23 times
16 Tue Apr 2024 901.80 883.00 to 909.20 0.9% 0.58 times
15 Mon Apr 2024 893.75 876.05 to 913.00 -0.42% 0.93 times
12 Fri Apr 2024 897.55 891.20 to 907.90 -0.02% 0.41 times
10 Wed Apr 2024 897.75 891.65 to 911.05 -0.53% 2.79 times
09 Tue Apr 2024 902.55 899.00 to 927.00 -0.99% 0.94 times
08 Mon Apr 2024 911.55 903.65 to 924.15 -0.46% 0.62 times
05 Fri Apr 2024 915.75 888.05 to 921.50 1.37% 1.19 times

Technical analysis forecast of Jindal Steel & Power Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Jindal Steel & Power Limited JINDALSTEL at this time. Stock is rising and might rise more.

It appears as if Jindal Steel & Power Limited JINDALSTEL gave a large move recently.

Stock of Jindal Steel & Power Limited (JINDALSTEL) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Jindal Steel & Power Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Jindal Steel & Power Limited stays above 919.9, but if it comes below 919.9, then a intra day sell could be more profitable.
If you take a sell trade below 919.9, then use 919.9 as stoploss and 889.7 as target. However if you take a buy trade in Jindal Steel & Power Limited, then use 919.9 as stoploss and 956.1 as target.

More indepth analysis on MunafaSutra.com