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JSW Steel Limited

BUY 30 JUN 1300 CALL SELL 30 JUN 1350 CALL Entry Range 19 – 21 Target Range 40 Stop Loss 10

Rationale

• JSW Steel continues to maintain a strong bullish structure on the weekly chart, consistently forming higher highs and higher lows while sustaining above its key 20 and 50 WEMA levels, indicating a continuation of the primary uptrend.

• The stock has witnessed a steady recovery after recent consolidation and is now trading near its lifetime high zone, reflecting strong buying interest and sustained momentum from medium-term investors.

• Momentum indicators remain supportive, as RSI is holding above the 60 mark, suggesting strengthening bullish momentum, while the MACD indicator has also generated a positive crossover with rising histogram formation.

• As long as the stock sustains above the 1240-1250 support zone, the bullish continuation trend is likely to remain intact, with the possibility of an upside move towards 1350-1380 in the coming weeks.

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SEBI Registration number is INZ00017433