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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: 937.54
  • 12Day Average: 923.36
  • 20Day Average: 915.41
  • 50Day Average: 847.74
  • 100Day Average: 791.26
  • 150Day Average: 747.8
  • 200Day Average: 727.66

JINDALSTEL Indicators & signals

Indicator MACD (12,26,9)

923.94, 897.16, 27.76
Indicator MACD is in positive zone

Indicator ADX (14)

26.69, 23.65, 13.68
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
02 Thu May 2024 941.85 930.70 to 953.90 1.31% 0.7 times
30 Tue Apr 2024 929.65 926.00 to 948.60 -1.32% 0.83 times
29 Mon Apr 2024 942.10 930.50 to 945.00 1.1% 0.56 times
26 Fri Apr 2024 931.85 926.45 to 946.90 -1.1% 0.79 times
25 Thu Apr 2024 942.25 926.05 to 945.00 0.61% 1.24 times
24 Wed Apr 2024 936.50 911.15 to 944.45 2.93% 1.58 times
23 Tue Apr 2024 909.85 905.10 to 922.45 -0.85% 0.44 times
22 Mon Apr 2024 917.65 915.30 to 945.35 -1.04% 0.76 times
19 Fri Apr 2024 927.25 885.80 to 931.95 2.36% 1.68 times
18 Thu Apr 2024 905.85 899.20 to 936.00 0.45% 1.43 times
16 Tue Apr 2024 901.80 883.00 to 909.20 0.9% 0.68 times
15 Mon Apr 2024 893.75 876.05 to 913.00 -0.42% 1.08 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!

Although my analysis for Jindal Steel & Power Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 944.8, for a target of 925 or 908.52

More indepth analysis on MunafaSutra.com