JSW Steel Share Technical Analysis
JSW Steel Share Status
JSW Steel share price chart looks good. Currently share is trading around 680 level.
JSW Steel chart analysis
From last two days we have seen a strong volume with buying in JSW Steel . Now JSW Steel share have come in previous range bound zone (600-700).
If this time JSW Steel cross the important resistance of 700 then we can see a strong move in JSW Steel share price.
For now jsw steel share 700 level is a strong resistance, only buy when the share cross the level of 700 and sustain above it.
The strong support zone for the JSW Steel stock is around 615 – 600 level.
JSW Steel Share Price Target
First Target for JSW Steel share price – 735
Second Target for JSW Steel Share price – 770
First Stop loss for JSW Steel Share – 610
Second Stop loss for JSW Steel Share – 595
JSW Steel Share Results
JSW Steel Q2 Results: Firm posted loss of Rs 848 crore and revenue up 28.5% YoY
In FY2023 Q2 JSW Steel disappointed the Street by posting a loss for the quarter ended September. The steel major reported a consolidated net loss of Rs 848 crore against expectations of a profit.
JSW Steel share latest news
JSW Steel’s US unit raises $182 million debt to upgrade Texas plant
JSW Steel’s US unit has raised $182 million long-term debt from Italy’s Intesa Sanpaolo and Banco BPM to upgrade its plate mill in Baytown, Texas.
The stock of JSW Steel surged 5.44% to close at Rs 679.45 on the BSE on Thursday (27th Oct).
Youtube Videos for JSW Steel Share Analysis
JSW Steel Share recommendation
JSW Steel share for long term prospective
In Short term prospective we can see some upside in the share, but in long term perspective JSW Steel share is in a sideways zone, because from last 18 months the share has not crossed its 52 week high level. But at this level we could be little bit positive on the stock for long term prospective.
Disclaimer: These targets are given by our own analysis, before buying or investing in this share please take advice from your financial advisor.