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By EquityPandit

JSWSTEELMARKET OUTLOOKSTOCK OUTLOOK

Jsw Steel Outlook for the Week (January 15, 2024 – January 19, 2024)

Jsw Steel
Jsw Steel
Jsw Steel closed the previous week on a negative note losing 3.05%.

Technically, Jsw Steel share price will see immediate support at 812.42 and immediate resistance would be seen at 837.97.

If Jsw Steel share price closes below immediate support of 812.42, then sharp breakdown can be seen. Jsw Steel share price will see major support at 799.03 for the week.

900.00900.00890.00890.00880.00880.00870.00870.00860.00860.00850.00850.00840.00840.00830.00830.00820.00820.00810.00810.00800.00800.00790.00790.00Dec 1Dec 1Dec 6Dec 6Dec 11Dec 11Dec 14Dec 14Dec 19Dec 19Dec 22Dec 22Dec 28Dec 28Jan 2Jan 2Jan 5Jan 5Jan 10Jan 10Reversal Level 839.71BuySellSell

On the positive side, immediate resistance will be seen at 837.97. Closing above 837.97, Jsw Steel share price will see a sharp breakout. Major resistance for Jsw Steel share price will be seen at 850.13 for the week.

Trading range for Jsw Steel share price for this week should be between 786.87 on down side and 863.52 on up side.

Jsw Steel Previous Week High: 836.75

Jsw Steel Previous Week Low: 811.2

Jsw Steel Previous Week Range: 25.55 Points

Jsw Steel share price support and resistance for the week (January 15, 2024 – January 19, 2024)

Level Type Value
Resistance 3 863.52
Resistance 2 850.13
Resistance 1 837.97
Support 1 812.42
Support 2 799.03
Support 3 786.87
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{"buy_point":[{"en_ltd":"2023-12-22","en_sup_p_91":"853.58","en_sup_t_91":"831.07","prev_close":"841.90","en_close":"855.30","new_date":"Dec 22","prev_close_no":841}],"sell_point":[{"en_ltd":"2024-01-03","en_sup_p_91":"864.91","en_sup_t_91":"873.68","prev_close":"870.20","en_close":"837.65","new_date":"Jan 3","prev_close_no":870},{"en_ltd":"2023-12-20","en_sup_p_91":"844.06","en_sup_t_91":"870.45","prev_close":"858.70","en_close":"842.25","new_date":"Dec 20","prev_close_no":858}]}

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