JSWSTEEL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

Here’s a comprehensive technical breakdown of JSW Steel Ltd (JSWSTEEL) and its short-term outlook

📊 Trend Analysis

Current Trend: Uptrend with mild bullish momentum

Price Action: Trading above both 50 DMA (₹1,022) and 200 DMA (₹985) — confirms bullish structure.

52W Index (81.9%): Price is near its 52-week high (₹1,075), indicating strength and potential continuation.

📈 Momentum Indicators

RSI (54.0): Neutral to bullish — suggests room for upside without being overbought

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MACD (3.38): Positive crossover — confirms bullish momentum

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Volume: Above 1-week average — strong participation supports the uptrend.

📉 Volatility & Bands

Bollinger Bands: Price likely near upper band — signals strength but also potential resistance.

Beta (1.2): Moderate volatility — price may respond to broader market cues.

📌 Support & Resistance Zones

Level Price (₹)

Immediate Support 1,022 (50 DMA)

Strong Support 985 (200 DMA)

Resistance 1 1,045 (recent swing high)

Resistance 2 1,060 (supply zone)

Resistance 3 1,075 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹985–₹1,022 (on pullback or near support)

Exit / Profit Booking: ₹1,060–₹1,075 (near resistance zones)

🔍 Short-Term Signals

Momentum: Bullish — MACD and volume support upside.

Trendline: Price holding above key support trendline — no breakdown signs.

Consolidation: Not evident — price is trending with strength.

Would you like to compare this with other steel sector stocks like Tata Steel or SAIL for relative strength?

1

www.moneycontrol.com

2

www.indmoney.com

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