Stock to buy today: JSW Steel (₹1,220.85) – BUY

The short-term outlook is bullish for JSW Steel. The 4.4 per cent surge on Tuesday marks the end of the sideways consolidation that was in place since the beginning of this month.

There is also a possible inverted head and shoulder pattern formation on the daily chart.  This strengthens the bullish case.

Strong support will be in the ₹1,200-1,150 region. We see good chances for the stock to sustain above ₹1,200 itself. JSW Steel share price can rise to ₹1,300 in the coming weeks.

Traders can buy JSW Steel now at ₹1,221. Accumulate on dips at ₹1,205. Keep the stop-loss at ₹1,170. Trail the stop-loss up to ₹1,230 as soon as the stock goes up to ₹1,245.

Revise the stop-loss higher to ₹1,255 and ₹1,270 when the price touches ₹1,265 and ₹1,285 respectively. Exit the long positions at ₹1,300.

SRINAGAR, 27/01/2026: Snow-covered vechiles amid fresh snowfall, on the outskirts of Srinagar, Tuesday, Jan. 27, 2026. Photo: IMRAN NISSAR /The Hindu
| Photo Credit: IMRAN NISSAR

Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on January 28, 2026