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JSW Steel Limited

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JSWSTEEL trade ideas

JSW Steel powers through bullish channel with momentumTopic Statement: JSW Steel is on a relentless bullish run, steadily climbing within a strong up-trending channel that continues to attract accumulation. Key Points: 1. The stock is moving consistently in a strong bullish channel, making directional trading highly structured and reliable 2. It rarely dips below the 50-day EMA, and when it does, it presents a strong investment or accumulation opportunity 3. The clearly defined channel makes it ideal for disciplined channel-based trading strategies
NSE:JSWSTEEL
by yogeshwar
JSWSTEEL - Intraday Setup📈 JSW STEEL LTD | Bullish Momentum + 52-Week Breakout 🚀 🔹 Entry Zone: ₹1,175 – ₹1,180 🔹 Stop Loss: ₹1,141 (Risk ~₹34) 🔹 Supports: 1,154 / 1,134 / 1,122 🔹 Resistances: 1,187 / 1,199 / 1,220 🔑 Key Highlights ✅ Strong Bullish Candle — Open equals Low, confirming buyer dominance ✅ 52-Week Breakout Zone — Fresh upside strength visible ✅ Bullish VWAP Alignment — institutional accumulation signals continuation ✅ BB Squeeze-Off → Breakout Momentum Expected 🎯 STWP Trade View 📊 Price has broken through a major resistance zone with above-average volume, indicating renewed momentum and a shift toward strength. A sustained close above ₹1,187 could accelerate upside towards ₹1,199–₹1,220 levels in the short term. ⚠️ Supports at ₹1,154 and ₹1,134 are crucial for swing structure and position protection. 💡 Learning Note This setup illustrates the power of multi-signal confluence — when a 52-week breakout, strong bullish candle, and VWAP alignment occur together with volume confirmation, it reflects institutional intent and offers a high-confidence swing opportunity. ⚠️ Disclosure & Disclaimer – Please Read Carefully The information shared here is meant purely for learning and awareness. It is not a buy or sell recommendation and should not be taken as investment advice. I am not a SEBI-registered investment adviser, and all views expressed are based on personal study, chart patterns, and publicly available market data. Position Status: No active position in JSWSTEEL at the time of analysis. Data Source: TradingView & NSE India (Past Chart Reference) (Historical levels) Trading — whether in stocks or options — carries risk. Markets can move unexpectedly, and losses can sometimes exceed the capital you have invested. Past performance or setups do not guarantee future results. If you are a beginner, treat this as a learning example and practice with paper trades before risking real money. If you are experienced, always assess your own risk, position sizing, and strategy suitability before entering trades. Consult a SEBI-registered financial adviser before making any real trading decision. By engaging with this content, you acknowledge full responsibility for your trades and investments. ________________________________________ 💬 Found this useful? 🔼 Give this post a Boost to help more traders discover structured learning. ✍️ Drop your thoughts, questions, or setups in the comments — let’s grow together! 🔁 Share with fellow traders and beginners to spread awareness. 👉 “If you liked this breakdown, follow for more clean, structured setups with discipline at the core.” 🚀 Stay Calm. Stay Clean. Trade With Patience. Trade Smart | Learn Zones | Be Self-Reliant 📊 ________________________________________
NSE:JSWSTEELLong
by simpletradewithpatience
JSW Steel - Upward Parallel Chanel 📈 JSW Steel is moving in a well-defined Upward Parallel Channel on the weekly timeframe, reflecting a strong and sustained uptrend. The price action has consistently respected the channel boundaries, confirming steady buying interest. 📊 Overbought Condition: However, the stock is currently trading near the upper band of the channel, with momentum indicators suggesting an overbought zone. This raises the possibility of a cool-off phase or a retracement toward the mean reversion (mid-channel support). 🔎 Momentum Indicators: RSI readings indicate stretched levels, warranting caution for fresh long entries at current prices. Volume trends remain supportive of the overall uptrend, but short-term corrections cannot be ruled out. 🎯 Projection & Outlook: While the medium- to long-term trend stays firmly bullish, traders should watch for a possible retracement toward mid-channel support before fresh accumulation. Sustaining within the channel ensures the continuation of the uptrend, while any breakout above the channel could accelerate momentum further. ⚠️ Disclaimer: This is a technical projection for educational purposes only and not an investment recommendation. Traders should adopt proper risk management while framing any strategy.
NSE:JSWSTEEL
by Arvind_Share_Academy
JSW Steel (D) - Tests Upper Boundary of Long-Term ChannelJSW Steel is currently trading at a critical juncture, testing the upper resistance trendline of a well-defined channel pattern that has been in place since May 2022. Historically, this trendline has acted as a strong barrier, often leading to a price reversal back towards the lower end of the channel. Bearish Indicators Emerge 📉 Several technical indicators are suggesting that the upward momentum is waning and a potential downturn could be imminent: - RSI Divergence: The Relative Strength Index (RSI) is showing bearish signs on the daily chart and is also starting a negative crossover on the weekly chart. - Momentum Shift: Short-term Exponential Moving Averages (EMAs) on the daily chart are entering a negative crossover , signaling a potential shift in short-term momentum to the downside. - Rising Bearish Volume: There has been a noticeable increase in selling volume as the stock approaches this resistance, indicating strengthening bearish pressure. Outlook and Key Levels Given the stock's position at a historical resistance level combined with multiple bearish technical signals, a cautious approach is warranted. If the channel pattern holds true, the stock could reverse from this level and head downwards. A potential downside target in this scenario would be the support level near ₹1,065 . The price action in the coming sessions will be crucial to confirm this potential reversal.
NSE:JSWSTEELShort
by Learn_with_Pth0mas
JSWSTEEL 1D Time frame🔍 Current Price Trading around ₹1,119 – ₹1,120 ⚙️ Key Levels (Daily) Immediate Resistance 1: ₹1,125 – ₹1,130 Next Resistance 2: ₹1,133 Immediate Support 1: ₹1,116 – ₹1,117 Support 2: ₹1,110 – ₹1,113 Deeper Support (Positional): ₹1,072 🧮 Base Strategy Application Long Setup: Entry: Near current levels (~₹1,120) if it holds above ₹1,116 Stop Loss: Below ₹1,110 Targets: ₹1,125 – ₹1,130 (short-term), then ₹1,133 Short Setup (Reversal): If rejection happens near ₹1,125 – ₹1,130 zone Target: ₹1,116 first, then ₹1,110 Breakout Setup: If price breaks and sustains above ₹1,133 with volume Potential for further upside beyond recent highs
NSE:JSWSTEELLong
by Knowledgehub
2
JSWSTEEL 1D Time frame📊 Current Overview Current Price: Around ₹1,122 – ₹1,123 Recently touched 52-week high levels. Trend is overall bullish with strong momentum. 🔍 Support & Resistance Immediate Support: ₹1,110 – ₹1,100 Next Support: ₹1,085 Immediate Resistance: ₹1,125 – ₹1,130 Next Resistance: ₹1,140+ 📈 Indicators Moving Averages (5, 10, 20, 50, 100, 200): All pointing bullish, price is trading above them. RSI (14): Around 67, showing strong momentum but close to overbought zone. MACD & ADX: Both suggest continuation of uptrend. 🎯 Possible Scenarios Bullish Side: A breakout above ₹1,130 can push towards ₹1,140 – ₹1,150. Bearish Side: If price rejects at resistance, it may pull back to ₹1,110, and deeper towards ₹1,085.
NSE:JSWSTEELLong
by Knowledgehub
4
JSWSTEEL - Major Breakout After Long ConsolidationFrom May 2021 to April 2024, JSW Steel consistently faced resistance from the same trendline, rejecting multiple times. In April 2024, price finally broke out above this resistance zone. After the breakout, the stock came down for a pullback and perfectly respected the same line, which has now flipped into support. During this pullback, a minor downtrend was visible, but that too has been broken to the upside, showing a clear shift in momentum. Now, the stock has given a strong breakout again (as shown in the chart). This indicates that the consolidation phase is over and it's going to give a very good rally in coming weeks/months. Conclusion: This looks like a good buying opportunity, both for swing trading and long-term investment, as the price action suggests strength and continuation on the upside.
NSE:JSWSTEELLong
by anuragAnand321
JSW STEEL-Short for 10 %bearish technical reasons visible in JSW Steel (Weekly) chart: 1. Strong Resistance Zone The chart shows a pivot high (earlier resistance) that has been tested multiple times but not broken. Each rejection at this level confirms supply pressure → strong resistance overhead. 2. Bearish Price Action The latest red candle closed below the previous low, indicating weakness. This shows that buyers failed to defend support, giving control to sellers. 3. Multiple Rejections at the Same Level Price has repeatedly tried to break above ~₹1,060–1,080 but failed. Repeated failures near resistance often precede downside reversals. 4. Negative MACD Divergence While price was making equal or slightly higher highs, the MACD histogram and signal line were trending lower. This signals loss of momentum → bearish divergence. 5. Negative Momentum Divergence (Oscillator) Another oscillator (below MACD) also shows lower highs while price tried to retest highs. Confirms weakening bullish momentum. 6. Volume Behavior Volume doesn’t confirm strong breakout attempts → lack of institutional support. Combined with red candle close, suggests distribution (smart money selling into strength). ✅ Summary: Strong resistance + multiple rejections Red candle closing below prior low MACD and oscillator negative divergence Weak volume confirmation 📉 All these together make the setup bearish, with potential downside toward ₹930–950 (next visible support).
NSE:JSWSTEELShort
by FrankzMD
1
JSW Steel: Bullish Breakout with Strong FundamentalsTechnical Analysis JSW Steel has been in a steady uptrend since 2005, consistently forming higher highs and higher lows. The stock encountered a strong resistance level at ₹767 in May 2021, which acted as a barrier multiple times in 2021, 2022, and 2023. However, in 2023, this resistance was broken, and it turned into a strong support, propelling the stock further upward. Since July 2022, the stock has been forming a well-defined higher highs and higher lows pattern, confirming a bullish trend. Recently, in September 2024, JSW Steel made an all-time high of ₹1,063, after which it entered a correction phase. Now, the stock has regained momentum by breaking all previous lower highs and has once again reached its all-time high. Currently, ₹1,063 is a crucial level to watch. If the stock breaks out above this level and sustains with a strong bullish candlestick, we may see further upside potential. Target Projections: First Target: ₹1,100 Second Target: ₹1,200 Third Target: ₹1,300 Support Levels: ₹1,000 – A strong immediate support ₹880 - ₹890 – A key demand zone ₹760 - ₹770 – A major support zone If these support levels hold, JSW Steel is likely to maintain its bullish momentum. However, if these supports break, the stock could see further downside pressure. Fundamental Analysis JSW Steel’s stock price has surged significantly, driven by multiple fundamental factors: Government's Proposed Import Tax: The Indian government is considering a 12% safeguard duty on certain steel imports for 200 days to protect domestic producers from cheap imports, particularly from China. This move is expected to strengthen demand for Indian steel companies, including JSW Steel. Robust Production Growth: JSW Steel reported a 12% YoY increase in consolidated crude steel production, reaching 24.07 lakh tons in February 2025. This indicates strong operational efficiency and an ability to meet rising steel demand. Strategic Expansion in Odisha: JSW Steel, in partnership with POSCO (South Korea), is planning a ₹65,000 crore investment in a new steel plant in Odisha. This integrated facility, with an initial 5 million metric tons per year capacity, will enhance JSW Steel’s production capabilities amid rising infrastructure demand. Diversification into Copper Sector: JSW Steel is setting up a 500,000 metric ton capacity copper smelter in Odisha by 2028/29, with plans to expand to 1 million metric tons by 2033/34. This move aligns with India’s push for critical minerals and green energy initiatives, ensuring long-term revenue diversification. Financial Highlights (Q3 FY24 vs. Q2 FY24 vs. Q3 FY23) Total Income: ₹41,378 Cr | ₹39,684 Cr | ₹41,940 Cr Total Expenses: ₹35,799 Cr | ₹34,309 Cr | ₹34,776 Cr Total Operating Profits: ₹5,579 Cr | ₹5,375 Cr | ₹7,164 Cr Profit Before Tax: ₹1,178 Cr | ₹789 Cr | ₹3,303 Cr Profit After Tax: ₹719 Cr | ₹404 Cr | ₹2,450 Cr Diluted Normalized EPS: ₹2.93 | ₹1.80 | ₹9.88 Conclusion With strong technical momentum and positive fundamental catalysts, JSW Steel is well-positioned for further growth. The breakout above ₹1,063 will be crucial, and sustained momentum could push the stock towards ₹1,300. Meanwhile, government support, production growth, expansion plans, and diversification efforts strengthen its long-term investment potential. Investors should monitor key support and resistance levels for entry and exit strategies. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own research and consult with a professional before making any trading or investment decisions. The stock market involves risk, and past performance is not indicative of future results.
NSE:JSWSTEEL
by ALICEBLUE
JSW Steel: Bullish Breakout with Strong FundamentalsTechnical Analysis JSW Steel has been in a steady uptrend since 2005, consistently forming higher highs and higher lows. The stock encountered a strong resistance level at ₹767 in May 2021, which acted as a barrier multiple times in 2021, 2022, and 2023. However, in 2023, this resistance was broken, and it turned into a strong support, propelling the stock further upward. Since July 2022, the stock has been forming a well-defined higher highs and higher lows pattern, confirming a bullish trend. Recently, in September 2024, JSW Steel made an all-time high of ₹1,063, after which it entered a correction phase. Now, the stock has regained momentum by breaking all previous lower highs and has once again reached its all-time high. Currently, ₹1,063 is a crucial level to watch. If the stock breaks out above this level and sustains with a strong bullish candlestick, we may see further upside potential. Target Projections: First Target: ₹1,100 Second Target: ₹1,200 Third Target: ₹1,300 Support Levels: ₹1,000 – A strong immediate support ₹880 - ₹890 – A key demand zone ₹760 - ₹770 – A major support zone If these support levels hold, JSW Steel is likely to maintain its bullish momentum. However, if these supports break, the stock could see further downside pressure. Fundamental Analysis JSW Steel’s stock price has surged significantly, driven by multiple fundamental factors: Government's Proposed Import Tax: The Indian government is considering a 12% safeguard duty on certain steel imports for 200 days to protect domestic producers from cheap imports, particularly from China. This move is expected to strengthen demand for Indian steel companies, including JSW Steel. Robust Production Growth: JSW Steel reported a 12% YoY increase in consolidated crude steel production, reaching 24.07 lakh tons in February 2025. This indicates strong operational efficiency and an ability to meet rising steel demand. Strategic Expansion in Odisha: JSW Steel, in partnership with POSCO (South Korea), is planning a ₹65,000 crore investment in a new steel plant in Odisha. This integrated facility, with an initial 5 million metric tons per year capacity, will enhance JSW Steel’s production capabilities amid rising infrastructure demand. Diversification into Copper Sector: JSW Steel is setting up a 500,000 metric ton capacity copper smelter in Odisha by 2028/29, with plans to expand to 1 million metric tons by 2033/34. This move aligns with India’s push for critical minerals and green energy initiatives, ensuring long-term revenue diversification. Financial Highlights (Q3 FY24 vs. Q2 FY24 vs. Q3 FY23) Total Income: ₹41,378 Cr | ₹39,684 Cr | ₹41,940 Cr Total Expenses: ₹35,799 Cr | ₹34,309 Cr | ₹34,776 Cr Total Operating Profits: ₹5,579 Cr | ₹5,375 Cr | ₹7,164 Cr Profit Before Tax: ₹1,178 Cr | ₹789 Cr | ₹3,303 Cr Profit After Tax: ₹719 Cr | ₹404 Cr | ₹2,450 Cr Diluted Normalized EPS: ₹2.93 | ₹1.80 | ₹9.88 Conclusion With strong technical momentum and positive fundamental catalysts, JSW Steel is well-positioned for further growth. The breakout above ₹1,063 will be crucial, and sustained momentum could push the stock towards ₹1,300. Meanwhile, government support, production growth, expansion plans, and diversification efforts strengthen its long-term investment potential. Investors should monitor key support and resistance levels for entry and exit strategies. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own research and consult with a professional before making any trading or investment decisions. The stock market involves risk, and past performance is not indicative of future results.
NSE:JSWSTEEL
by Rupesh_Chidharala
JSW Steel – Strong Setup but Manage Risk 🔹 Trend: The stock is in a strong uptrend, forming Higher Highs & Higher Lows (HH-HL) on the long-term charts. Trading inside a well-respected ascending channel 📊. 🔹 Moving Averages: Trading above key DMAs, indicating strength. 🔹 Volume: Increasing, a positive sign 📈. 🔹 Sector Strength: The Metal Index is showing early signs of leadership, trading above the 50 & 200 DMA, while most indices are still below 200 DMA. 🔹Forming a Cup and Handle pattern. 🔍 Technical Setup & Strategy 🚀 Breakout above ₹1,061 – Watch for volume confirmation before entering. 📌 Entry Levels: Above ₹1,061. 📌 Stop Loss (SL): ₹879 (Closing Basis). 📌 Positional Target: ₹1,290. ⚠️ Risk: 17% – Position sizing is critical! 📈 Risk:Reward (R:R) – 1:1.35 (Could improve if adding at better levels). 🛑 Risk Management & Caution ⚠️ Avoid going all-in at once! Stocks often pull back to the channel bottom before continuing up. ⚠️ Potential Bull Trap? The overall market remains weak; this could be a counter-trend movement. Stay cautious. ⚠️ Confirmation Matters! If the stock retests the channel bottom & reverses strongly, that’s a great entry opportunity. 🔎 Observations ✅ JSW Steel held up well in the correction, dropping less than 18% – showing resilience 💪. ✅ Metals are cyclical – be patient with entries and buy in phases 📊. 💡 Final Thought: Strong setup, but risk control is key! Breakout traders can enter above ₹1,061 with volume, while pullback traders can wait for a retest near the channel bottom. 📜 Disclaimer: This is for educational purposes only. Not financial advice. Always do your own research and manage risk accordingly! 🚀📉
NSE:JSWSTEELLong
by sagartharayil
JSW Steel – A Different Perspective.📢 JSW Steel – A Different Perspective (Not a Trade Recommendation) Let's talk about JSW Steel 🏗️ and why it's worth watching. More importantly, this post is to highlight why you should keep doing your homework even in a bear market 📉. If fear stops you from researching, you might miss the next big move! 🔍 Why This Stock is Interesting: ✅ Uptrend Since May 2022 – The stock has been in an ascending channel 📈, respecting the lower trendline. ✅ Higher Highs & Higher Lows (HH-HL) – The bullish structure remains intact. ✅ Trendline Breakout & Cup and Handle (CnH) Formation – A classic bullish signal ⚡. ✅ Relative Strength – While many stocks corrected 30-40%, JSW Steel held strong with just an 18% correction. ✅ Sector Strength – Metals broke out of consolidation, and if China rebounds, the spillover effect could benefit this sector. ✅ Above Key Moving Averages (DMAs) – Indicates positive momentum 📊. ⚠️ Risks Involved: ❌ The overall market is still weak 🛑. ❌ Bottom formation is uncertain – We might not have seen the final dip yet. ❌ Trading against the trend – Caution is needed when going against broader market sentiment. 🎯 Key Levels to Watch: 🔹 Support: ₹939 – Holding this level is crucial. 🔹 Break Below ₹879 – Could trigger further downside. 💡 Final Thoughts: Add to your watchlist 📝 and consider accumulating gradually instead of going all in. If the market falls further, most trades will go against you. Manage risk wisely! Metals are cyclical – Timing matters ⏳. 📢 Disclaimer: This is for educational purposes only and not financial advice. Always do your own research before making investment decisions!
NSE:JSWSTEELLong
by sagartharayil