STOCK : JINDALSTEL CMP – 974
TARGETS – 1000, 1030, 1100
STOPLOSS – 930
TIME HORIZON – 1 MONTH
Jindal Steel (JINDALSTEL) is a stock to watch for next 30 Days, currently trading at ₹974. The stock is showing bullish momentum with the Relative Strength Index (RSI) holding above 50. It has taken strong support at the 20-day Exponential Moving Average (EMA), which is also at ₹974, indicating a possible base formation. A noticeable increase in trading volumes is expected in the upcoming week, which could support a potential upward move. From a fundamental perspective, the stock appears undervalued with a Price to Intrinsic Value ratio of 0.626. Additionally, the company has shown a steady increase in its total assets over the last three years, signaling strong and consistent growth.
#Disclaimer Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.