Stock of Interest

Posted On: August 21, 2023

Stock Report: JINDALSAW(NSE) 20 Aug 2023

Jindal Saw Ltd is an Indian manufacturer and supplier of iron and steel pipes, fittings, and pellets. Its products can be used in oil and gas exploration, transportation, power generation, the supply of drinking water, drainage, and irrigation, as well as other industrial applications. It operates in two segments namely Iron and steel products and Waterways Logistics. The company operations are located in India, United States, Italy, United Arab Emirates, and Algeria. Geographically, it generates the majority of the revenue from India.

#xCalData predicts that # JINDALSAW will continue its Bearish phase over the next five days and trend within the range of 303 to 330.  

In comparison to the previous month, the price of the stock has experienced a decline of -6.52% indicating a Bearish.

The Stock has doubled 2 time(s) since 15 Jun 2015 and took an average of 4.0 years to double.

The stock has  shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past.

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely MACD indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days.

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