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JINDALSTELMARKET OUTLOOKSTOCK OUTLOOK

Jindal Steel Outlook for the Week (August 14, 2023 – August 18, 2023)

Jindal Steel closed the previous week on a negative note losing 7.19%.

Technically, Jindal Steel share price will see immediate support at 665.27 and immediate resistance would be seen at 715.57.

If Jindal Steel share price closes below immediate support of 665.27, then sharp breakdown can be seen. Jindal Steel share price will see major support at 632.33 for the week.

On the positive side, immediate resistance will be seen at 715.57. Closing above 715.57, Jindal Steel share price will see a sharp breakout. Major resistance for Jindal Steel share price will be seen at 732.93 for the week.

Trading range for Jindal Steel share price for this week should be between 614.97 on down side and 765.87 on up side.

Jindal Steel Previous Week High: 700

Jindal Steel Previous Week Low: 649.7

Jindal Steel Previous Week Range: 50.3 Points

Jindal Steel share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 765.87
Resistance 2 732.93
Resistance 1 715.57
Support 1 665.27
Support 2 632.33
Support 3 614.97

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