JSW Steel recently witnessed a surge, in line with the broader rally in the metal sector. The recent breakdown on the counter was accompanied by substantial trading volumes.
The Wipro stock which is also part of the S&P BSE Sensex index, hit a 52-week high of Rs 483.40 on January 1, 2024. Wipro stock gave a breakout from a Cup and Handle formation on the weekly charts last week which has opened room for the stock to head towards 500 levels.
Tata Steel shares are showing signs of revival. Higher top-bottom formations on the daily chart, along with a bullish candle at lower level, are indicating a trend reversal.