Stock analysis JSW Steel Limited JSWSTEEL

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Moving Averages for JSW Steel Limited

5Day Average: 923.33
12Day Average: 956.12
20Day Average: 972.54
50Day Average: 968.96
100Day Average: 963.73
150Day Average: 946.99
200Day Average: 925.79

JSWSTEEL Indicators & signals

Indicator MACD (12,26,9)

946.61, 961.16, -6.1
Indicator MACD is in negative zone

Indicator ADX (14)

37.64, 12.25, 27.03
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of JSWSTEEL JSW Steel Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
26 Thu Dec 2024	914.45	913.10 to 929.40	-0.8%	0.44 times
24 Tue Dec 2024	921.85	918.45 to 937.95	-1.62%	0.44 times
23 Mon Dec 2024	937.05	921.60 to 950.95	2.15%	0.85 times
20 Fri Dec 2024	917.35	912.05 to 941.70	-0.93%	6.17 times
19 Thu Dec 2024	925.95	921.60 to 942.70	-2.21%	0.41 times
18 Wed Dec 2024	946.85	941.55 to 969.50	0%	0.34 times
18 Wed Dec 2024	946.85	941.55 to 969.50	-2.07%	0.34 times
17 Tue Dec 2024	966.85	961.00 to 990.80	-2.37%	0.36 times
16 Mon Dec 2024	990.35	984.00 to 1006.30	-0.95%	0.26 times
13 Fri Dec 2024	999.85	973.05 to 1003.50	-0.59%	0.52 times
12 Thu Dec 2024	1005.80	991.00 to 1012.95	0.56%	0.32 times
11 Wed Dec 2024	1000.20	997.10 to 1020.50	-1.26%	0.26 times

Technical analysis forecast for JSW Steel Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT JSW Steel Limited JSWSTEEL at this time. Stock is falling and might fall more.

It appears as if JSW Steel Limited JSWSTEEL gave a large move recently.

Stock of JSW Steel Limited (JSWSTEEL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of JSW Steel Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if JSW Steel Limited stays below 923.2, but if it comes above 923.2, then a intra day buy could be more profitable.
If you take a sell trade below 923.2, then use 923.2 as stoploss and 882.4 as target. However if you take a buy trade in JSW Steel Limited, then use 923.2 as stoploss and 957.16 as target.

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