Is JINDAL STEEL & POWER in uptrend or downtrend?

In the short term price movements in JINDALSTEL share indicates the market is rangebound and indecisive, playing ping pong between levels.

What is JINDAL STEEL & POWER share price forecast for tomorrow?

In Jindal Steel Limited stock current resistance level is at 1246 and support level is at 1162. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

What are JINDAL STEEL & POWER support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Jindal Steel Limited in the short-term, the supply zone around 1246 and 1250. Hence, good chances of resistance around 1250. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Jindal Steel Limited share is around 1162 and 1160. Hence, good chances for support around 1160.

Why is JINDAL STEEL & POWER share price falling today?

Perhaps JINDALSTEL stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

JINDAL STEEL & POWER Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data