Jsw Steel Share Price Today on
On the technical front, the stock is trading above the 10,20,50,100,300 days SMA & lower than the 5 day SMA. The stock will have support at 10,20,50,100,300 days SMA & face resistance at 5 days SMA
The SMA values for the stock are given below :
Days | Simple Moving Average |
---|---|
5 | 1026.47 |
10 | 1007.23 |
20 | 976.49 |
50 | 938.89 |
100 | 925.78 |
300 | 880.94 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹1036.9, ₹1056.3, & ₹1068.5, whereas it has key support levels at ₹1005.3, ₹993.1, & ₹973.7.
Till 4 PM today, the volume traded on NSE & BSE for Jsw Steel was 33.81% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong bullish trend.
From a fundamental analysis perspective, the company has a ROE of 12.29%
The median 1-year forecasted upside in this share is at 5.90% with a target price of ₹961.00.
The company has a 44.81% promoter holding, 6.86% MF holding, & 10.51% FII holding as per filings in the june quarter.
The MF holding has increased from 6.59% in march to 6.86% in the june quarter.
The FII holding has decreased from 11.05% in march to 10.51% in the june quarter.
Jsw Steel share price down -1.15% today to trade at ₹1021.2 while its peers are mixed. Its peers such as Tata Steel, Jindal Steel & Power, Jindal Stainless, Steel Authority Of India are falling today, but its peers are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.87% & -0.78% each respectively.
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