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Technicals for Jindal Steel & Power Limited
By MusingTheNews
2025-04-25 20:41
Overall Technical outlook
Price Summary
Jindal Steel & Power Limited's shares tumbled -2.21% today, reflecting a lacklustre day on the market. On 2025-04-25, Jindal Steel & Power Limited's stock began at 912.0, peaked at 919.0, declined to 876.05, and ended the day -2.21% down at 891.8, with 1253204 shares traded. The stock's highest price over the 52-week span is 1077.7, while the lowest price is 776.35. 28 analysts suggest that JINDALSTEL's future price will lie between 480.0 and 1220.0, with an average expected price of roughly 975.6786.
Technicals
Support and Resistance: The price of 891.8 is supported at 886.75 and encounters resistance at 918.3. This suggests key levels where the price might find stability, with 886.75 providing a base and 918.3 acting as an upper boundary for JINDALSTEL. Support/Resistance for JINDALSTEL
Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Aroon chart for Jindal Steel & Power Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for JINDALSTEL. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Bolinger Bands chart for Jindal Steel & Power Limited
Parabolic SAR: The PSAR for JINDALSTEL continues to signal a bullish outlook, establishing a crucial support level that may help sustain the current upward momentum. This level of support suggests that the market is likely to continue trending higher, providing a foundation for ongoing bullish movement. Parabolic Stop and Reverse chart for Jindal Steel & Power Limited
Stochastic: The stochastic indicator shows the K-line below the D-line and above 80, hinting at the potential beginning of a bearish price move for JINDALSTEL. This setup could signal that the market's recent strength is weakening, possibly leading to a downturn. Traders should watch for further evidence of a bearish trend. Stochastic chart for Jindal Steel & Power Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Jindal Steel & Power Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Tripple SMA chart for Jindal Steel & Power Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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