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architk

JSW Energy

Long
JSW ENERGY LTD (NSE:JSWENERGY)  
architk Updated   
NSE:JSWENERGY   JSW ENERGY LTD
Supply and Demand Rectangle Moving Averages JSWENERGY nseindia
4
0
supplyanddemand rectangle movingaverage jswenergy nseindia
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.
Comment:
Entered @ 337
SL - 320 (5%)
TGT- 372 (10%)
R:R - 1:2
Comment:
SL moved to 325
Trade closed: stop reached
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