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JINDALSTELMARKET OUTLOOKSTOCK OUTLOOK

Jindal Steel Outlook for the Week (October 16, 2023 – October 20, 2023)

Jindal Steel
Jindal Steel
Jindal Steel closed the previous week on a negative note losing 5.41%.

Technically, Jindal Steel share price will see immediate support at 662.87 and immediate resistance would be seen at 700.82.

If Jindal Steel share price closes below immediate support of 662.87, then sharp breakdown can be seen. Jindal Steel share price will see major support at 644.23 for the week.

On the positive side, immediate resistance will be seen at 700.82. Closing above 700.82, Jindal Steel share price will see a sharp breakout. Major resistance for Jindal Steel share price will be seen at 720.13 for the week.

Trading range for Jindal Steel share price for this week should be between 624.92 on down side and 738.77 on up side.

Jindal Steel Previous Week High: 701.5

Jindal Steel Previous Week Low: 663.55

Jindal Steel Previous Week Range: 37.95 Points

Jindal Steel share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 738.77
Resistance 2 720.13
Resistance 1 700.82
Support 1 662.87
Support 2 644.23
Support 3 624.92
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