🔥 JSW Steel – Major Breakout from Year-Long Range!

🔎 Technical View Range Breakout: After being stuck in a consolidation box between ₹920–₹1,080 for nearly a year, JSW Steel has finally broken out on the weekly chart. Strong Candle: The breakout came with a wide green candle and follow-up momentum, suggesting strength in buyers. Volume Confirmation: Volumes are supportive, showing institutional participation in the move. Upside Potential: Post-breakout, the measured move projects a possible rally towards ₹1,200–₹1,250 in the medium term. 📊 Fundamental View JSW Steel remains one of India’s top steel producers with strong global presence. Benefiting from government infra push, rising global steel demand, and improving realizations. Healthy balance sheet with focus on capacity expansion → long-term growth driver. ✅ Key Levels to Watch Support: ₹1,070 (previous resistance, now acting as support) Upside Target: ₹1,200 → ₹1,250 Risk Level: Breakdown below ₹1,070 would negate the breakout setup.