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Price and trend forecast of JINDALSAW for Tomorrow, Weekly, Monthly

Jindal Saw Limited

Symbol: NSE:JINDALSAW

ISIN: INE324A01024

533.80

As on 2024-04-24

155.20 (52W Low) 558.45 (52W High)

JINDALSAW's Today's Performance

Jindal Saw Limited started the day by opening at 499.50 today 2024-04-24. Its shares reached a high of 537.00 and dipped to a low of 498.95 in intraday. When the markets closed, JINDALSAW’s stock price settled at ₹533.80 per share. Also check out its key support and resistance levels.

JINDALSAW Buy/Sell Targets

Tomorrow, buy JINDALSAW when its price reaches ₹ 533.80 with a stop-loss order at ₹ 523.40. You can set the target price as ₹ 544.20 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of JINDALSAW for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for JINDALSAW

Downside Targets Value in ₹
Tomorrow Down Target 1 548
Tomorrow Down Target 2 561
Tomorrow Down Target 3 586

Important Levels for JINDALSAW

Holding Levels Value in ₹
Tomorrow Up Target 1 510
Tomorrow Up Target 2 485
Tomorrow Up Target 3 471
Based on where the stock opens tomorrow, if JINDALSAW opens on a positive note, our first target will be ₹548. If Target 1 is achieved, we will aim for Target 2 which is ₹561.

But if JINDALSAW falls below the average value of ₹523.25, you can enter a sell side position with target number 1 - ₹510 and second target - ₹485 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of JINDALSAW

Looking at JINDALSAW, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, JINDALSAW has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for JINDALSAW is strong bullish.

Tomorrow's Volume based share price Forecast for JINDALSAW

JINDALSAW's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 3%.

Reversal detection for JINDALSAW

Predicted trend chart of JINDALSAW tomorrow for price forecast
JINDALSAW may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹498 in morning tomorrow
Target 1 tomorrow538
Target 2 tomorrow547
Target 3 tomorrow561
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with JINDALSAW's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if JINDALSAW opens on a positive note, our first target will be ₹547.55. If Target 1 is achieved, we will aim for Target 2 which is ₹561.30.

But if JINDALSAW falls below the average value of ₹523.25, you can enter a sell side position with target number 1 - ₹509.50 and second target - ₹485.20

JINDALSAW's Weekly Targets
1st Up Target 553.82
2nd Up Target 573.83
1st Down Target 496.97
2nd Down Target 460.13

As the week for JINDALSAW ended on bullish sentiments, we can expect further continuation of this sentiment. JINDALSAW's initial target will be 553.82 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 496.97 in the upcoming week.

Weekly OHLC Values
Open 484.90
High 537.00
Low 480.15
Close 533.80

Week for JINDALSAW started with an open price of 484.90, and the close was at 533.80. JINDALSAW reached the highest of 537.00 and dipped lowest up to 480.15 last week. This indicates a bullish sentiment for the week.

JINDALSAW full month swing targets
Monthly Up Target 1 610.67
Monthly Up Target 2 630.68
Monthly Down Target 1 440.12
Monthly Down Target 2 346.43

Targets of ₹610.67 can be expected to be reached in the coming month. Once JINDALSAW achieved this target, we can aim for the next upside target of ₹630.68.

JINDALSAW if fails to hold upside, down targets of ₹440.12 and ₹346.43 can be achieved by end of this month.

For complete three weeks if JINDALSAW is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

JINDALSAW is expected to reach the target of 547.55 in tomorrow's trading session.

After achieving the initial target in JINDALSAW, we will aim for higher targets of 561.30 tomorrow.

However, if JINDALSAW starts to trade below ₹523.25, then we will shift our focus to the sell side and aim for down targets of 509.50 and 485.20.