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Technicals for JSW Steel Limited
By MusingTheNews
2025-07-16 20:41
Overall Technical outlook
Price Summary
On 2025-07-16, JSW Steel Limited's stock opened at 1034.0, peaked at 1035.0, hit a low of 1020.5, and closed -0.41% lower at 1029.8, with 1099231 shares changing hands. In the last 52 weeks, the stock's top price was 1063.2 and the bottom price was 863.8. The projected price range for JSW Steel Limited is between 760.0 and 1270.0, with an expected mean price of 1042.9117, according to 34 analysts.
Technicals
Support and Resistance: The price currently sits at 1029.8, finding support at 1010.4 and resistance at 1044.2. These levels define a range for JSW Steel Limited where the price may move, with 1010.4 offering a base and 1044.2 limiting upward momentum. Support/Resistance for JSWSTEEL
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for JSW Steel Limited
Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Bolinger Bands chart for JSW Steel Limited
Parabolic SAR: The PSAR remains in a bearish mode, setting a resistance level that could impede any upward movement. This resistance indicates that the market may continue to face bearish pressure, with limited potential for breaking higher. Parabolic Stop and Reverse chart for JSW Steel Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for JSW Steel Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages for JSW Steel Limited are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend. Tripple SMA chart for JSW Steel Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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