JSW Steel Technical Analysis

Name : JSW Steel Limited

NSE Symbol : JSWSTEEL | BSE Code : 500228

Sector : Metals – Steel Manufacturing

Dear Investors,

JSW Steel Limited was established in 1982 and is headquartered in Mumbai. It is one of India's leading integrated steel manufacturers with domestic and international operations. The company manufactures hot-rolled and cold-rolled coils sheets TMT bars wire rods and coated steel products for infrastructure automotive construction and engineering industries.

Its revenue is generated through steel manufacturing and product sales. Capacity expansion value-added products and increasing infrastructure demand provide opportunities for business development.

Market trend :

The latest completed NSE session available for this report is 13 November 2026. A verified exchange-level opening price intraday high low closing price and trading volume for JSW Steel could not be established. Therefore a precise daily percentage change and relative performance against the Nifty 50 are not assigned. Steel sector sentiment remains influenced by domestic infrastructure demand international steel prices raw material costs and import competition. The day's price movement should be assessed using confirmed exchange data rather than estimated quotations.

Financial Performance :

During FY2026 JSW Steel reported consolidated revenue of approximately ₹185470 crore compared with ₹168824 crore in FY2025. EBITDA increased to approximately ₹29821 crore from ₹22904 crore. Reported consolidated net profit was significantly influenced by exceptional items. Normalised profitability and operating margins therefore remain important measures for evaluating underlying business performance.

The latest quarterly performance should be assessed through consolidated revenue EBITDA production volumes steel sales and net profit. Domestic demand export realisations and coking coal and iron ore costs remain important earnings drivers. Without a verified Q2 FY2027 financial statement and latest exchange trading volume exact quarterly figures and daily price performance are not stated.

Technical Analysis :

A reliable technical assessment requires the latest verified closing price and historical trading series. RSI MACD Bollinger Bands ADX and 20-day 50-day 100-day and 200-day moving averages should be examined together to identify momentum and trend strength. Fibonacci retracement and Gann price-time analysis also require validated chart reference points. No unverified 52-week high low or indicator readings are assigned. Steel sector volatility and commodity price movements remain important influences on the stock's technical structure.

Effecting Factors :

Global steel demand across the US Europe China and Japan influences international prices and export opportunities. Iron ore coking coal crude oil and currency movements affect manufacturing costs and realisations. Domestic infrastructure expenditure construction activity automobile production and government steel policies influence sector demand. Nifty and Sensex movements FII and DII participation and India VIX also affect broader market sentiment. Company-specific factors include production capacity utilisation quarterly EBITDA margins net debt interest costs and expansion expenditure. JSW Steel's capacity expansion and value-added steel production remain important business developments. Import competition and international trade restrictions may influence domestic pricing and profitability.

Risk factor :

Key risks include raw material price volatility global steel oversupply import competition and weaker industrial demand. High capital expenditure interest costs environmental regulations and project execution delays may affect profitability and cash flows.

Recommendation : Neutral Editorial Assessment – No Buy / Sell / Hold Recommendation.

Analysis Date : 13 November 2026 | Friday