Daily Analysis on

JSWSTEEL

Technical View On the daily chart, JSW Steel opened at ₹1060, touched a low of ₹1052.20, made a high of ₹1084.00, and closed strongly at ₹1079.80. The stock shows strong bullish momentum with price trading above short-term and medium-term moving averages. RSI is around 64, indicating strength but not yet in overbought territory. MACD has turned positive, supporting bullish momentum. Immediate support is at 1050–1040, while resistance is placed at 1100–1115. Sustaining above 1080 could open the path for 1125–1150 levels in the short term. Upcoming Events & Impact Union Government’s Infra Spending Plans (Highways, Smart Cities, Renewable Projects): Positive for steel demand. JSW Steel’s Ongoing Capacity Expansion (Dolvi & Vijayanagar projects): Will enhance future earnings visibility. Global trade policies: Anti-dumping duties or export restrictions can affect exports. Quarterly Results: Any improvement in EBITDA margins & demand outlook can further fuel upside.