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By EquityPandit

JSWSTEELMARKET OUTLOOKSTOCK OUTLOOK

Jsw Steel Outlook for the Week (December 04, 2023 – December 08, 2023)

Jsw Steel
Jsw Steel
Jsw Steel closed the previous week on a negative note losing 4.45%.

Technically, Jsw Steel share price will see immediate support at 788.03 and immediate resistance would be seen at 824.28.

If Jsw Steel share price closes below immediate support of 788.03, then sharp breakdown can be seen. Jsw Steel share price will see major support at 765.27 for the week.

820.00820.00810.00810.00800.00800.00790.00790.00780.00780.00770.00770.00760.00760.00750.00750.00740.00740.00730.00730.00720.00720.00Oct 19Oct 19Oct 25Oct 25Oct 30Oct 30Nov 2Nov 2Nov 7Nov 7Nov 10Nov 10Nov 15Nov 15Nov 20Nov 20Nov 23Nov 23Nov 29Nov 29Reversal Level 792.63BuyBuySellSell

On the positive side, immediate resistance will be seen at 824.28. Closing above 824.28, Jsw Steel share price will see a sharp breakout. Major resistance for Jsw Steel share price will be seen at 837.77 for the week.

Trading range for Jsw Steel share price for this week should be between 751.78 on down side and 860.53 on up side.

Jsw Steel Previous Week High: 815

Jsw Steel Previous Week Low: 778.75

Jsw Steel Previous Week Range: 36.25 Points

Jsw Steel share price support and resistance for the week (December 04, 2023 – December 08, 2023)

Level Type Value
Resistance 3 860.53
Resistance 2 837.77
Resistance 1 824.28
Support 1 788.03
Support 2 765.27
Support 3 751.78
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{"buy_point":[{"en_ltd":"2023-11-24","en_sup_p_91":"779.09","en_sup_t_91":"768.73","prev_close":"775.55","en_close":"782.05","new_date":"Nov 24","prev_close_no":775},{"en_ltd":"2023-11-03","en_sup_p_91":"744.60","en_sup_t_91":"726.63","prev_close":"733.35","en_close":"746.05","new_date":"Nov 3","prev_close_no":733}],"sell_point":[{"en_ltd":"2023-11-20","en_sup_p_91":"761.98","en_sup_t_91":"779.09","prev_close":"768.80","en_close":"761.85","new_date":"Nov 20","prev_close_no":768},{"en_ltd":"2023-10-20","en_sup_p_91":"778.09","en_sup_t_91":"785.95","prev_close":"780.45","en_close":"769.40","new_date":"Oct 20","prev_close_no":780}]}

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