#JSWENERGY
CMP : ₹. 483.5
Date : 13-01-2024
JSWENERGY is a company engaged in the business of power generation . Company is now in radar due to the latest news for filing petition in NLCT, Amaravati for getting permission to participate in an auction for the Amarkantak project, Amaravati against Adai, Reliance and also a power consortium team. Stock is now in its 52 week high with significant volumes. A high risk company with higher amount of promoter pledge and high debt to equity ratio. QoQ sales and profit are improving, but sales over last 5 years are very low. Eventhough fundamentals are not so interesting technically it's looking very good. A 2.5 year Cup and Handle breakout and 2 year long resistance trend line breakout are identified from charts. Retesting also going on. If the movement persists over ₹.490 levels /- breakout can be confirmed. Stoploss @ ₹.450 levels. If the NLCT permits to participate in the bidding, we can expect a big movement in this stock. Otherwise some negative movement can be expected.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
CMP : ₹. 483.5
Date : 13-01-2024
JSWENERGY is a company engaged in the business of power generation . Company is now in radar due to the latest news for filing petition in NLCT, Amaravati for getting permission to participate in an auction for the Amarkantak project, Amaravati against Adai, Reliance and also a power consortium team. Stock is now in its 52 week high with significant volumes. A high risk company with higher amount of promoter pledge and high debt to equity ratio. QoQ sales and profit are improving, but sales over last 5 years are very low. Eventhough fundamentals are not so interesting technically it's looking very good. A 2.5 year Cup and Handle breakout and 2 year long resistance trend line breakout are identified from charts. Retesting also going on. If the movement persists over ₹.490 levels /- breakout can be confirmed. Stoploss @ ₹.450 levels. If the NLCT permits to participate in the bidding, we can expect a big movement in this stock. Otherwise some negative movement can be expected.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly