JSW Infrastructure Limited (JSWINFRA) Stock - Complete Technical Analysis - Dec 13, 2024

JSW Infrastructure Technical Analysis - Key Support, Resistance & Trend Analysis for December 2024

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. JSW Infrastructure Limited (JSWINFRA) stock shows a mixed technical outlook. The stock is trading at 322.10, 10.76% below its 52-week high of 360.95, signaling a potential for a price recovery. Recent price action has seen a shooting star pattern, indicating possible bearish reversal, but a piercing pattern and morning star pattern also hint at a potential bullish reversal. This presents a volatile situation where traders must stay alert.

The support level is expected to hold around 317.45, while resistance is likely to be tested at 335.75. The stock's RSI is in neutral territory at 55, suggesting that it is neither overbought nor oversold. The Stochastic RSI indicates some oversold conditions, which may present a buying opportunity. On the other hand, the MACD line crossing above the signal line shows potential for an upward move if it continues to hold momentum.

The Average Directional Index (ADX) of 21.31 suggests moderate strength in the prevailing trend, meaning we are not seeing a strong directional move yet, and a clear breakout could be on the horizon. The Exponential Moving Averages (EMAs) of 10 and 20 days are aligning near the current price, reinforcing the range-bound scenario.

With the ATR reflecting volatility, traders should be prepared for swift price movements. A break above 335.75 could lead to a bullish trend, while a drop below 317.45 could indicate further downside. Watching the price action around these key levels and the performance of momentum indicators will be crucial for traders looking to make profitable moves.