Long

JSW Energy

Updated

Rectangle pattern formation around 50 ema shows some accumulation. Pattern has a quite good consolidation for 3 months. Also with 50 EMA sloping flat to positive will help in price to move higher. A recent re-test of 50EMA inside rectangle pattern shows strength.

DISC: chart posted for learning purpose only.

Note

Entered @ 337
SL - 320 (5%)
TGT- 372 (10%)
R:R - 1:2

Note

SL moved to 325

Trade closed: stop reached

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