Summary:
JSW Steel has been steadily moving within a well-defined ascending channel since mid-2022. The stock has shown a disciplined pattern of higher highs and higher lows, with multiple rally phases of 18% to 30%, followed by orderly corrections. The overall technical structure remains bullish.
Technical Highlights:
Interpretation:
The current 10% correction is in line with previous pullbacks and remains within the trend channel. As long as the price stays above the lower channel (₹940–₹960), the bullish setup remains intact. A move toward the upper channel (₹1,150–₹1,200) is probable if support holds.
Outlook:
In the short to medium term, this presents a favorable risk-reward opportunity for investors aiming to ride the next move higher.
A breakdown below ₹900 would negate the bullish thesis and warrant reevaluation.
Conclusion:
JSW Steel continues to present a technically strong chart with repeated opportunities to buy on dips. As long as the channel remains intact, the stock is well-positioned for another upward leg. Ideal for medium-term investors with disciplined risk control.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions. The author does not hold any position in JSW Steel at the time of writing and has no financial interest in the outcome of this analysis.
JSW Steel has been steadily moving within a well-defined ascending channel since mid-2022. The stock has shown a disciplined pattern of higher highs and higher lows, with multiple rally phases of 18% to 30%, followed by orderly corrections. The overall technical structure remains bullish.
Technical Highlights:
- Trend direction is clearly upward, confined within a rising parallel channel.
- Each rally phase has delivered 20–30% gains over 1–3 months.
- Pullbacks have consistently found support near the lower boundary of the channel.
- Volume tends to increase during upward moves, confirming buyer interest.
Interpretation:
The current 10% correction is in line with previous pullbacks and remains within the trend channel. As long as the price stays above the lower channel (₹940–₹960), the bullish setup remains intact. A move toward the upper channel (₹1,150–₹1,200) is probable if support holds.
Outlook:
In the short to medium term, this presents a favorable risk-reward opportunity for investors aiming to ride the next move higher.
A breakdown below ₹900 would negate the bullish thesis and warrant reevaluation.
Conclusion:
JSW Steel continues to present a technically strong chart with repeated opportunities to buy on dips. As long as the channel remains intact, the stock is well-positioned for another upward leg. Ideal for medium-term investors with disciplined risk control.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions. The author does not hold any position in JSW Steel at the time of writing and has no financial interest in the outcome of this analysis.
Uwaga
Structure Holding. Thesis Valid. Position Justified.Uwaga
Structure still Holding. Thesis Valid. Position Justified.Zlecenie aktywne
Structure still Holding. Thesis Valid. Position Justified.Transakcja zamknięta: osiągnięto wyznaczony cel
Today's high was 1122; just ~2.5% away from the first target or the channel upper range. 
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.