JSWSTEEL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a comprehensive technical analysis of JSW Steel Ltd. (JSWSTEEL)

📊 Trend Overview

Current Trend: Trending Upward

Price is at ₹1,121, just shy of its 52-week high of ₹1,123 — indicating strong bullish momentum.

RSI at 69.5 is approaching overbought territory, suggesting strength but also caution.

MACD at 17.4 is bullish, confirming upward momentum.

Trading volume is slightly below average, which may limit breakout strength.

📈 Moving Averages

50-DMA: ₹1,063 — Short-term support.

200-DMA: ₹1,010 — Long-term support.

Price Action: Trading well above both DMAs, reinforcing bullish sentiment.

📉 Momentum Indicators

RSI (14-day): 69.5 — Near overbought zone, strong momentum.

MACD: 17.4 — Bullish crossover, confirming trend continuation.

Volume: 8.6 lakh vs 1-week avg of 10.4 lakh — Slight dip, watch for volume confirmation.

📊 Bollinger Bands

Price likely near upper band — signals strong momentum.

Potential for short-term consolidation or pullback if RSI crosses 70.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,063 50-DMA, short-term support

Support 2 1,010 200-DMA, long-term support

Resistance 1 1,123 52-week high, immediate resistance

Resistance 2 1,150 Psychological barrier

🎯 Entry & Exit Zones

Optimal Entry: ₹1,060–₹1,080 — On pullback near 50-DMA.

Exit Zone: ₹1,120–₹1,150 — Near resistance levels for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI rising.

Breakout Potential: High — But needs volume confirmation.

Bias: Bullish — Watch for breakout above ₹1,123 with volume surge.

🧭 Summary

JSWSTEEL is currently trending upward with strong technical indicators. Price action above key moving averages, rising RSI, and bullish MACD suggest continued strength. Traders may consider entering on dips near ₹1,060–₹1,080 and targeting ₹1,120–₹1,150 for exits. However, monitor volume and RSI for signs of exhaustion.

Sources

1

2

3

Would you like a trendline chart or alerts for breakout confirmation?

1

economictimes.indiatimes.com

2

www.livemint.com

3

www.moneycontrol.com

Edit in a page