JSW Steel, PolicyBazaar and Avalon Technologies in Focus: Technical Levels Highlighted for August 20

Stocks in Focus: JSW Steel, PolicyBazaar and Avalon Technologies

Indian equity markets were expected to witness a stronger opening on Thursday, August 20, 2026, following positive global cues and easing US Treasury yields.

Gift Nifty was trading around 24,275, indicating a significant gap-up indication compared with the previous Nifty 50 close.

Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, highlighted three stocks from a technical-analysis perspective: JSW Steel, PolicyBazaar and Avalon Technologies.

Market Outlook

The Nifty 50 had remained under pressure in recent sessions and was trading below its important 50-EMA near 24,190.

According to the technical view, the 23,800 zone remains an important support area.

On the upside, a sustained move above 24,400 could improve the short-term technical structure.

For Bank Nifty, the index was trading around the 57,200 50-EMA zone.

The 58,600 area remains an important resistance zone, while 56,000 is an important support reference.

JSW Steel

Reference Price: ₹1,285

JSW Steel is among the stocks highlighted by Vaishali Parekh for the current trading session.

The technical view identifies ₹1,260 as an important downside reference level, while ₹1,350 is a higher price level highlighted in the analysis.

Traders and market participants may monitor the stock's price behaviour around these levels to understand whether momentum is strengthening or weakening.

PolicyBazaar

Reference Price: ₹1,782

PolicyBazaar is another stock highlighted in the technical analysis.

The analysis identifies ₹1,745 as an important reference level on the downside, while ₹1,845 represents a higher level mentioned in the technical setup.

Price action around these zones could provide clues about the stock's near-term momentum.

Avalon Technologies

Reference Price: ₹2,245

Avalon Technologies also features among the stocks highlighted for the session.

The technical setup identifies ₹2,200 as an important reference level, with ₹2,320 representing a higher level highlighted by the analyst.

Market participants can monitor price action around these zones while assessing the stock's short-term technical structure.

Key Technical Levels

JSW Steel

Reference: ₹1,285

Key lower level: ₹1,260

Higher level highlighted: ₹1,350

PolicyBazaar

Reference: ₹1,782

Key lower level: ₹1,745

Higher level highlighted: ₹1,845

Avalon Technologies

Reference: ₹2,245

Key lower level: ₹2,200

Higher level highlighted: ₹2,320

What to Watch

The broader market direction remains important for individual stocks.

For the Nifty 50, 24,400 remains an important technical hurdle, while 23,800 is a key support zone mentioned in the analysis.

For Bank Nifty, 58,600 and 56,000 remain important reference zones.

Global markets, crude oil prices, US Treasury yields and geopolitical developments could also influence market sentiment during the session.

Key Takeaways

JSW Steel, PolicyBazaar and Avalon Technologies are among the stocks highlighted by Prabhudas Lilladher's Vaishali Parekh.

Gift Nifty indicated a stronger opening for the Indian market on August 20.

The Nifty 50's 24,400 level and Bank Nifty's 58,600 zone remain important technical reference points.

The price levels mentioned for individual stocks are based on the technical observations reported in the source and should not be interpreted as trading instructions.

Disclaimer

This article is published solely for educational and informational purposes.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst.

The information presented is based on publicly available information and technical observations attributed to market experts or brokerage research.

Nothing in this article should be interpreted as a buy, sell, hold, entry, exit, target or stop-loss recommendation from TrendRipperX.

The price levels mentioned are provided only as technical reference levels and are not trading instructions.

Readers should conduct their own independent research and consult a SEBI-registered financial professional before making any investment decision.