Archive · 26 Jun 2025
Hold Jindal Steel Futures: Market Analysis and Recommendation
Imagine you own some shares in Jindal Steel.
Based on recent trends, the stock price looks like it might go up!
Experts are suggesting the price will likely rise, maybe even reach 1,050.
To protect your money, it's wise to set a stop-loss.
If the price goes down, sell your shares if it goes below a certain price to limit your losses.
As the price goes up, you can adjust your stop-loss to safeguard more of your gains.
Jindal Steel & Power stock has risen nearly 5% this week.
The stock has shown a bullish trend since February after a period of decline.
An inverted head and shoulders pattern is forming on the weekly chart, with a breakout at ₹985 needed for confirmation.
The futures contract is currently around ₹950 and is expected to rally to ₹990, then ₹1,050.
A stop-loss at ₹875 is advised, with revisions as the contract price increases.
- Who
- Palani Shanmugam, an investor, and financial analysts.
- What
- Advice on holding or exiting a long position in Jindal Steel futures.
- When
- Published on June 26, 2025, analysis based on current market data.
- Where
- Analysis pertains to the Jindal Steel & Power stock in the market.
- Why
- To guide investors on their futures contracts.
Investor
Market Analysts
Decision to Hold or Exit
Investor
Holding long position.
Market Analysts
Exiting long position.
- Stock Price (₹)
- 940 (current)
- Futures Contract (July)
- ₹950 (approximate)
- Potential Target Price (₹)
- 1,050
- Recommended Stop-Loss (₹)
- 875 (initially)
- Resistance Level (₹)
- 990
Sources
Tata Steel, SAIL, JSPL, JSW Steel: Steel prices down; what's next for these metal stocks
CILs coking coal production drops by 9% in May
CIL's coking coal production drops by 9% in May
Coking coal production drops by 9% in May
High dependency on imported coking coal, scrap shortage among challenges for steel sector: Report
