JSWSTEEL – Gap down opening today.

JSWSTEEL – One of the leading steel manufactures of India. It’s stock recently broke into a new zone of 300-325. The stock made a low of 132.50 on 03/04/2020 due to the pandemic effect. It made a high of 327.00 on 23/10/2020. The stock rose 2.5 times in a span of six months.

However, it opened today with a gap down at 314. Its previous closing price was 321.25. Still, there is no need to panic as the stock is having support in the range of 295-300. If it breaks this support zone, then the people holding this stock for the short term should square off their positions.