JSW Steel broke out from Flag pattern & consolidation, with a target above 1000 levels. It faced resistance at 900 levels but rebounded. RSI at 65.9, MACD bullish, trading above moving averages. The daily Relative Strength Index (RSI) is placed at 65.9. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed. The daily MACD is above its center and signal Line, this is a bullish indicator.
JSW Steel, part of the JSW Group, is planning to borrow $750 million for capital expenditure as it targets major capacity expansion, aiming to almost double its steel output to 50 million tons by the end of the decade. The Mumbai-based company recently started work on a $7.8 billion complex in eastern India and is reportedly interested in a 20% stake in Whitehaven Coal s Blackwater coal mine.
JSW Steel, part of the JSW Group, is planning to borrow USD 750 million for capital expenditure as it targets major capacity expansion, aiming to almost double its steel output to 50 million tons by the end of the decade. The Mumbai-based company recently started work on a USD 7.8 billion complex in eastern India and is reportedly interested in a 20% stake in Whitehaven Coal s Blackwater coal mine.