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.
The currency had dropped to a record low of 83.5750 on Friday but has since recovered modestly helped by the central bank s intervention and as fears of escalation in the Middle East conflict ebbed.
The Indian rupee recouped opening losses to end higher on Friday, despite weakness across regional peers, helped by possible intervention from the Reserve Bank of India (RBI) and dollar sales from foreign banks.
The fertiliser stock hit a 52-week high of Rs 402 on January 4 but failed to maintain the momentum. In terms of price action, the stock is now trading above short- and long-term moving averages of 5,10,30,50,100 and 200-DMA on the daily charts, which is a positive sign for the bulls.