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2022 Jindal Steel (JINDALSTEL) technical analysis [forecast] stock price targets

Jindal Steel technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Jindal Steel deals in Iron & Steel Jindal Steel option chain analysis

Date Close Open High Low Volume
27 Thu Jan 375.50 370.00 378.45 361.15 66.36 lakhs
25 Tue Jan 376.55 377.00 383.35 371.30 55.63 lakhs
24 Mon Jan 376.95 402.00 402.65 370.65 80.98 lakhs
21 Fri Jan 405.15 414.00 417.40 401.00 64.7 lakhs
20 Thu Jan 418.20 411.45 420.60 407.85 56.07 lakhs
JINDALSTEL chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 380.8, but if it comes above 380.8, then a intra day buy could be more profitable.
If you take a sell trade below 380.8, then use 380.8 as stoploss and 361.8 as target. However if you take a buy trade in stock , then use 380.8 as stoploss and 396.51 as target.

  • Daily Price action analysis of JINDALSTEL based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

  • Daily Price action analysis of JINDALSTEL based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

  • Daily Price action analysis of JINDALSTEL based on a mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Intraday technical analysis of Jindal Steel

Stock is trading at 390.20 as on 28 Fri Jan 10:10

Day open is at 380.00, day high is at 390.35, day low is at 380.00, and day volume is at 84.23 lakhs so far.

First 15 minute high low range is 380.00 - 383.35

First hour high low range is 380.00 - 390.00

Date Intraday Price Open High Low Volume
28 Fri Jan 10:10 390.20 380.00 390.35 380.00 1389213
28 Fri Jan 10:05 388.05 380.00 390.00 380.00 1240564
28 Fri Jan 10:00 388.35 380.00 390.00 380.00 1173075
28 Fri Jan 9:55 386.90 380.00 387.65 380.00 942946
28 Fri Jan 9:50 385.60 380.00 386.00 380.00 836009
Intraday JINDALSTEL chart

Trend of Jindal Steel is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Jindal Steel (JINDALSTEL) intraday stock price targets

  • EntEntry: 381.68 or 373.3875
  • Upside target: 383.35
  • Downside target : 376.65
  • Second Upside target: 385.63
  • Second Downside target : 368.33

Jindal Steel (JINDALSTEL) weekly technical analysis

Date Weekly Close Open Range Volume
27 Thu Jan 375.50 402.00 361.15
402.65
202.966 lakhs
21 Fri Jan 405.15 420.00 398.35
423.60
292.954 lakhs
14 Fri Jan 418.65 410.40 382.60
421.40
353.756 lakhs
07 Fri Jan 406.60 379.25 377.05
411.10
257.306 lakhs
31 Fri Dec 377.25 382.00 368.75
385.70
129.456 lakhs
weekly JINDALSTEL chart

Weekly forecast of Jindal Steel is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Jindal Steel based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Weekly Price action analysis of Jindal Steel based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Jindal Steel (JINDALSTEL) Monthly technical analysis

Date Monthly Close Open Range Volume
27 Thu Jan 375.50 379.25 361.15
423.60
1106.982 lakhs
31 Fri Dec 377.25 347.00 343.05
409.00
1241.471 lakhs
30 Tue Nov 343.55 421.00 340.00
438.55
1357.045 lakhs
29 Fri Oct 417.30 386.65 379.60
472.65
1759.806 lakhs
30 Thu Sep 389.25 378.95 347.10
408.30
1897.403 lakhs
monthly JINDALSTEL chart

Monthly forecast of Jindal Steel is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Jindal Steel based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Monthly Price action analysis of Jindal Steel 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.

Jindal Steel Daily stock price targets

  • Upside daily target: 426.43
  • Upside daily target: 406.14
  • Upside daily target: 385.63
  • Downside daily target: 357.8

Jindal Steel Weekly stock price targets

  • Upside weekly target: 439.43
  • Upside weekly target: 414.38
  • Upside weekly target: 391.83
  • Downside weekly target: 372.8
  • Downside weekly target: 349.73

Jindal Steel Monthly stock price targets

  • Upside monthly target: 507
  • Upside monthly target: 473.58
  • Upside monthly target: 435.55
  • Upside monthly target: 413.53
  • Upside monthly target: 393.75
  • Downside monthly target: 368.18
  • Downside monthly target: 348.93
  • Downside monthly target: 328.58
  • Downside monthly target: 292.5

Jindal Steel (JINDALSTEL) indicators technical analysis

Price action analysis of Jindal Steel (JINDALSTEL) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Jindal Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Jindal Steel in short term but the sell signal is initial and weak.

Jindal Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 coming down

CCI has generated a SELL signal for Jindal Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 401.77 and Jindal Steel JINDALSTEL stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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

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chart JINDALSTEL