Jsw Steel Stock Analysis, Jsw Steel Share Price, Jsw Steel Technical Analysis Jsw Steel Ltd.
Jsw Steel Stock Analysis
JSW Steel Limited is engaged in the business of production and distribution of iron and steel products. Its segments include Steel; Power.
| Current Price ₹311 | Market Cap ₹75,188 Cr. | Dividend Yield 0.64 % |
| High/Low ₹312 / 132 | Stock P/E 62.3 | ROCE 9.10 % |
| Book Value ₹152 | ROE 12.6 % | Face Value ₹1.00 |
On the way to breakout to a new zone. JSW STEEL is trading near it’s Resistance on weekly time frame. On daily time frame stock already given breakout. ↓↓
Buy Jsw Steel above Rs. 315 for the Targets of Rs. 345 and 400.
Stoploss Rs. 280.
CMP- 311 | Support- 280 | Resistance- 315 , 315 | Trend UP↑
Technical Analysis
| MOVING AVERAGES | Indication |
|---|---|
| Simple Moving Average (9) | Bullish |
| Simple Moving Average (18) | Bullish |
| Simple Moving Average (25) | Bullish |
| Simple Moving Average (43) | Bullish |
| Simple Moving Average (100) | Bullish |
| Simple Moving Average (200) | Bullish |
| OSCILLATORS | Indication |
|---|---|
| Commodity Channel Index (20) | Bullish |
| Williamson%R(14) | Overbought |
| MACD(12,26,9) | Bullish |
| Relative Strength Index (14) | Bullish |
| MFI(14) | Overbought |
| Stochastic(20,3) | Overbought |
| PIVOT LEVELS | Classic | Camarilla | Fibonacci |
|---|---|---|---|
| Resistance 1 | 318.75 | 313.04 | 313.04 |
| Resistance 2 | 326.45 | 315.03 | 318.16 |
| Resistance 3 | 340.45 | 317.02 | 326.45 |
| Pivot Point | 304.75 | 304.75 | 304.75 |
| Support 1 | 297.05 | 309.06 | 296.46 |
| Support 2 | 283.05 | 307.07 | 291.34 |
| Support 3 | 275.35 | 305.08 | 283.05 |
| Strengths |
|---|
| Book Value per share Improving for last 2 years |
| Promoters increasing shareholding QoQ |
| Company with decreasing Promoter pledge |
| Weaknesses |
|---|
| Company has low interest coverage ratio. |
| Decline in Net Profit with falling Profit Margin (QoQ) |
| Fall in Quarterly Revenue and Net Profit (YoY) |
| Daily Trend – Bullish ↑ |
| Weekly Trend – Bullish ↑ |
| Monthly Trend – Bullish ↑ |
Profile:- JSW STEEL
Sector:- Non Energy Minerals
Industry:- Steel
JSW Steel Limited is engaged in the business of production and distribution of iron and steel products. Its segments include Steel; Power.
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Currently it’s at 321. Can we expect a correction or consolidation before entering now?