JSW Steel

400
Key Support Levels
₹1,000–1,020 – Immediate support
₹970–980 – Strong demand zone
₹940–950 – Major positional support
Key Resistance Levels
₹1,060–1,075 – Immediate resistance
₹1,100–1,120 – Strong breakout zone
₹1,160–1,180 – Next positional target if momentum continues
Bullish Scenario
Sustained trading above ₹1,075 with strong volume can indicate renewed buying momentum.
Potential upside targets:
₹1,120
₹1,160
₹1,200 (if broader market sentiment remains supportive)
Bearish Scenario
A close below ₹1,000 may trigger short-term weakness.
Downside support levels:
₹980
₹950
₹920 if selling pressure intensifies
Trading Plan
Buy on dips near strong support only after bullish price action confirmation.
Momentum buy only after a convincing breakout above ₹1,075 with above-average volume.
Maintain a stop-loss below the nearest support zone based on your trading timeframe.
Trend View
Short-term: Neutral to Bullish
Medium-term: Bullish
Long-term: Bullish, provided the stock holds above the major support zone around ₹940–950.

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