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JINDALSTELMARKET OUTLOOKSTOCK OUTLOOK

Jindal Steel Outlook for the Week (February 12, 2024 – February 16, 2024)

Jindal Steel
Jindal Steel
Jindal Steel closed the previous week on a negative note losing 7.78%.

Technically, Jindal Steel share price will see immediate support at 734.05 and immediate resistance would be seen at 796.65.

If Jindal Steel share price closes below immediate support of 734.05, then sharp breakdown can be seen. Jindal Steel share price will see major support at 706.65 for the week.

820.00820.00800.00800.00780.00780.00760.00760.00740.00740.00720.00720.00700.00700.00680.00680.00Dec 29Dec 29Jan 3Jan 3Jan 8Jan 8Jan 11Jan 11Jan 16Jan 16Jan 19Jan 19Jan 24Jan 24Jan 30Jan 30Feb 2Feb 2Feb 7Feb 7Reversal Level 786.58BuyBuySellSell

On the positive side, immediate resistance will be seen at 796.65. Closing above 796.65, Jindal Steel share price will see a sharp breakout. Major resistance for Jindal Steel share price will be seen at 831.85 for the week.

Trading range for Jindal Steel share price for this week should be between 671.45 on down side and 859.25 on up side.

Jindal Steel Previous Week High: 804.45

Jindal Steel Previous Week Low: 741.85

Jindal Steel Previous Week Range: 62.6 Points

Jindal Steel share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 859.25
Resistance 2 831.85
Resistance 1 796.65
Support 1 734.05
Support 2 706.65
Support 3 671.45
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