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JINDALSTELMARKET OUTLOOKSTOCK OUTLOOK

Jindal Steel Outlook for the Week (May 20, 2024 – May 24, 2024)

Jindal Steel
Jindal Steel
Jindal Steel closed the previous week on a negative note losing 11.61%.

Technically, Jindal Steel share price will see immediate support at 940.07 and immediate resistance would be seen at 1,059.47.

If Jindal Steel share price closes below immediate support of 940.07, then sharp breakdown can be seen. Jindal Steel share price will see major support at 864.63 for the week.

On the positive side, immediate resistance will be seen at 1,059.47. Closing above 1,059.47, Jindal Steel share price will see a sharp breakout. Major resistance for Jindal Steel share price will be seen at 1,103.43 for the week.

Trading range for Jindal Steel share price for this week should be between 820.67 on down side and 1,178.87 on up side.

Jindal Steel Previous Week High: 1028

Jindal Steel Previous Week Low: 908.6

Jindal Steel Previous Week Range: 119.4 Points

Jindal Steel share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 1,178.87
Resistance 2 1,103.43
Resistance 1 1,059.47
Support 1 940.07
Support 2 864.63
Support 3 820.67
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{"buy_point":[],"sell_point":[]}

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