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By EquityPandit

JSWSTEELMARKET OUTLOOKSTOCK OUTLOOK

Jsw Steel Outlook for the Week (October 16, 2023 – October 20, 2023)

Jsw Steel
Jsw Steel
Jsw Steel closed the previous week on a negative note losing 5.16%.

Technically, Jsw Steel share price will see immediate support at 754.28 and immediate resistance would be seen at 795.08.

If Jsw Steel share price closes below immediate support of 754.28, then sharp breakdown can be seen. Jsw Steel share price will see major support at 731.32 for the week.

840.00840.00830.00830.00820.00820.00810.00810.00800.00800.00790.00790.00780.00780.00770.00770.00760.00760.00750.00750.00740.00740.00Aug 31Aug 31Sep 5Sep 5Sep 8Sep 8Sep 13Sep 13Sep 18Sep 18Sep 22Sep 22Sep 27Sep 27Oct 3Oct 3Oct 6Oct 6Oct 11Oct 11Reversal Level 770.35BuyBuySell

On the positive side, immediate resistance will be seen at 795.08. Closing above 795.08, Jsw Steel share price will see a sharp breakout. Major resistance for Jsw Steel share price will be seen at 812.92 for the week.

Trading range for Jsw Steel share price for this week should be between 713.48 on down side and 835.88 on up side.

Jsw Steel Previous Week High: 789.95

Jsw Steel Previous Week Low: 749.15

Jsw Steel Previous Week Range: 40.8 Points

Jsw Steel share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 835.88
Resistance 2 812.92
Resistance 1 795.08
Support 1 754.28
Support 2 731.32
Support 3 713.48
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{"buy_point":[{"en_ltd":"2023-10-10","en_sup_p_91":"770.09","en_sup_t_91":"750.70","prev_close":"757.55","en_close":"771.90","new_date":"Oct 10","prev_close_no":757},{"en_ltd":"2023-09-01","en_sup_p_91":"790.87","en_sup_t_91":"776.97","prev_close":"779.65","en_close":"806.40","new_date":"Sep 1","prev_close_no":779}],"sell_point":[{"en_ltd":"2023-09-18","en_sup_p_91":"808.93","en_sup_t_91":"826.51","prev_close":"812.85","en_close":"808.80","new_date":"Sep 18","prev_close_no":812}]}

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