JSW energy has reached bottom of trend line where it is taking good support. I will observe the price for another 15 mins and will enter if it holding at the trend line.
Entry between 60-60.5 with target at 64.2-64.4 and SL at 59.5
#Risky Trade because the stock is in downtrend and we are predicting reversal from trend line.
If trend line is broken i will exit with small SL of 1% for which i am expecting 4-6% target. Could be a good trade if it works
Trade active
Entered at 60.25 with 250 qty.
Strict SL at 59.7
Note
What an move by JSW. Recovered almost 2% from days low. Now Trading above 61
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.