JSW Steel and Tata Steel shares have witnessed bullish breakout and traders can expect further strength in Tata Steel.

Steel stocks were trading positive in today's session with Tata Steel and JSW Steel showing bullish signs on technical charts.

Motilal Oswal has reiterated its BUY rating on JSW Steel (JSTL), setting a target price of Rs 1,150, implying an 18% upside from the current market price of Rs 977.

JSW Steel, one of India’s leading steel producers, has shown strong momentum in the stock market. On October 3, 2024, it opened at Rs 1,028.00 and reached an intraday high of Rs 1,060.

JSW Steel Stock Price was trading firm on Friday as the markets were showcasing bullish trends.

Technical analyst Mitesh Thakkar has suggested two BUY Calls and one SELL Call for today’s trade, indicating a neutral outlook for Indian stocks.