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Technicals for Jindal Stainless Limited
By MusingTheNews
2025-12-15 20:42
Overall Technical outlook
Price Summary
On 2025-12-11, Jindal Stainless Limited's shares started at 784.8, peaked at 796.85, bottomed out at 764.5, and ended -0.87% down at 778.0, with 651285 shares traded. For the 52-week period, the stock's highest price is 811.3, and the lowest price is 512.6. The anticipated price is forecasted to be between 675.0 and 925.0, with an average price expectation of 815.46155, based on input from 13 analysts.
Technicals
Support and Resistance: The current price for JSL is 778.0, supported at 734.0 with resistance at 778.3. This indicates a trading range where 734.0 might prevent further declines, while 778.3 could hinder additional gains. Support/Resistance for JSL
Aroon: The Aroon indicator continues to show a bullish trend, with Aroon Up remaining at the 100 level. This suggests strong upward momentum, but the trend should be examined further using other indicators to confirm its strength and potential for continuation for JSL. Aroon chart for Jindal Stainless Limited
Bol. Bands: The price for JSL has moved below the upper Bollinger Band, signaling a potential downward trend. Traders might interpret this as a sign that the asset is losing momentum and could see a decline. This technical indicator often suggests that the market is overbought, and a price correction might be imminent, making it a critical point for those considering short positions. Bolinger Bands chart for Jindal Stainless Limited
Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help sustain the market's upward movement. This strong support suggests that Jindal Stainless Limited is likely to continue trending higher, providing investors with confidence in the ongoing bullish momentum. Parabolic Stop and Reverse chart for Jindal Stainless Limited
Stochastic: The stochastic indicator is in a bullish mode, with the K-line crossing above the D-line and the 80 level for JSL. This alignment suggests strong upward momentum, indicating that the market may continue to trend higher. Investors could interpret this as a positive sign of sustained market growth. Stochastic chart for Jindal Stainless Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for Jindal Stainless Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
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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