jSW Infrastructure tests its 52-week high zone!

SW Infrastructure tests its 52-week high zone JSW Infrastructure Limited (NSE: JSWINFRA) closed at ₹348.25 on September 18, gaining 6.61% on volume of about 2.55 crore shares. The stock touched ₹356.95, which is also its current 52-week high. The technical structure remains strong. The stock is above its 20-day SMA of ₹336.79, 50-day SMA of ₹334.64 and 200-day SMA of ₹288.49. RSI(14) is 59.75, while CCI is at 103.05. The September 18 session pushed the stock through the recent trading range and brought it directly into the 52-week high zone. Volume was substantially above the recent average, adding confirmation to the price move. My view is that ₹356.95 is now the key breakout reference. A sustained move above this level would confirm fresh price expansion, while failure to hold the breakout area could lead to short-term consolidation.