Don't see JSW Steel moving out of range: CK Narayan, Sharyans Resources
JSW Steel has been in a range for quite a while. Most of the tops and bottoms are near one another which is very typically when those share is into sideways trend.
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| Updated: CK Narayan, President Treasury, Sharyans Resources, in an interview with ET Now, talks about JSW Steel
What is the call on JSW Steel?
It has been in a range for quite a while. Most of the tops and bottoms are near one another which is very typically when those share is into sideways trend. I do not see it really moving out of it. About Rs 875-885 is where you have some supports on the lower side and on the top side about Rs 995 to Rs 1000. So, pretty much caught within that range. I do not think the results is going to really knock it out of that. It would require something larger in terms of something which affects the whole sector before you would see any larger movement happen in JSW or most of the other steel counters. Range action, trade the range, investors hold on because the larger trend seems to be intact.
What is the call on JSW Steel?
It has been in a range for quite a while. Most of the tops and bottoms are near one another which is very typically when those share is into sideways trend. I do not see it really moving out of it. About Rs 875-885 is where you have some supports on the lower side and on the top side about Rs 995 to Rs 1000. So, pretty much caught within that range. I do not think the results is going to really knock it out of that. It would require something larger in terms of something which affects the whole sector before you would see any larger movement happen in JSW or most of the other steel counters. Range action, trade the range, investors hold on because the larger trend seems to be intact.
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