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

Jindal Drilling And Industries Limited

Symbol: NSE:JINDRILL

ISIN: INE742C01031

773.00

As on 2024-04-19

269.00 (52W Low) 915.00 (52W High)

JINDRILL's Today's Performance

Jindal Drilling And Industries Limited started the day by opening at 741.70 today 2024-04-19. Its shares reached a high of 779.90 and dipped to a low of 734.05 in intraday. When the markets closed, JINDRILL’s stock price settled at ₹773.00 per share. Also check out its key support and resistance levels.

JINDRILL Buy/Sell Targets

Tomorrow, buy JINDRILL when its price reaches ₹ 773.00 with a stop-loss order at ₹ 741.55. You can set the target price as ₹ 804.45 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 JINDRILL 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 JINDRILL

Downside Targets Value in ₹
Tomorrow Down Target 1 791
Tomorrow Down Target 2 808
Tomorrow Down Target 3 836

Important Levels for JINDRILL

Holding Levels Value in ₹
Tomorrow Up Target 1 745
Tomorrow Up Target 2 716
Tomorrow Up Target 3 699
Based on where the stock opens tomorrow, if JINDRILL opens on a positive note, our first target will be ₹791. If Target 1 is achieved, we will aim for Target 2 which is ₹808.

But if JINDRILL falls below the average value of ₹762.32, you can enter a sell side position with target number 1 - ₹745 and second target - ₹716 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 JINDRILL

Looking at JINDRILL, 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, JINDRILL has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for JINDRILL is moderate bullish.

Tomorrow's Volume based share price Forecast for JINDRILL

JINDRILL's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -45%.

Reversal detection for JINDRILL

Predicted trend chart of JINDRILL tomorrow for price forecast
JINDRILL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹762 in morning tomorrow
Target 1 tomorrow780
Target 2 tomorrow791
Target 3 tomorrow808
 

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 JINDRILL'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 JINDRILL opens on a positive note, our first target will be ₹790.58. If Target 1 is achieved, we will aim for Target 2 which is ₹808.17.

But if JINDRILL falls below the average value of ₹762.32, you can enter a sell side position with target number 1 - ₹744.73 and second target - ₹716.47

JINDRILL's Weekly Targets
1st Up Target 827.03
2nd Up Target 881.07
1st Down Target 696.93
2nd Down Target 620.87

As the week for JINDRILL ended on bullish sentiments, we can expect further continuation of this sentiment. JINDRILL's initial target will be 827.03 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 696.93 in the upcoming week.

Weekly OHLC Values
Open 684.40
High 805.00
Low 674.90
Close 773.00

Week for JINDRILL started with an open price of 684.40, and the close was at 773.00. JINDRILL reached the highest of 805.00 and dipped lowest up to 674.90 last week. This indicates a bullish sentiment for the week.

JINDRILL full month swing targets
Monthly Up Target 1 957.13
Monthly Up Target 2 1,011.17
Monthly Down Target 1 566.83
Monthly Down Target 2 360.67

Targets of ₹957.13 can be expected to be reached in the coming month. Once JINDRILL achieved this target, we can aim for the next upside target of ₹1,011.17.

JINDRILL if fails to hold upside, down targets of ₹566.83 and ₹360.67 can be achieved by end of this month.

For complete three weeks if JINDRILL 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.

Related Stocks in the Same Sector as JINDRILL

Symbol Name Industry
RELIANCE Reliance Industries Limited Oil & Gas Refining & Marketing
ADANIENT Adani Enterprises Limited Thermal Coal
ONGC Oil & Natural Gas Corporation Limited Oil & Gas Integrated
COALINDIA Coal India Limited Thermal Coal
IOC Indian Oil Corporation Limited Oil & Gas Refining & Marketing

Summary

JINDRILL is expected to reach the target of 790.58 in tomorrow's trading session.

After achieving the initial target in JINDRILL, we will aim for higher targets of 808.17 tomorrow.

However, if JINDRILL starts to trade below ₹762.32, then we will shift our focus to the sell side and aim for down targets of 744.73 and 716.47.