JSW Energy Intraday short-term analysis
In short term period chart create a down trend .
We can expect a good down move within 2-3 days. RSI indicate divergency . Price is below the volume.
Intraday support level - 680-677
Scenarios:
gap up- market open above 710 and wait 15 min for price action and if price goes below 703 then create short position with your Risk Reward.
side base- don't take any position between 703-720
gap down- if market open near about 690-703 wait for 5-10 min and make a short position and initial target will 680-677
We can expect a good down move within 2-3 days. RSI indicate divergency . Price is below the volume.
Intraday support level - 680-677
Scenarios:
gap up- market open above 710 and wait 15 min for price action and if price goes below 703 then create short position with your Risk Reward.
side base- don't take any position between 703-720
gap down- if market open near about 690-703 wait for 5-10 min and make a short position and initial target will 680-677
Ask me anything I am happy to help you.
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra
To motivate us, Please like the idea If you agree with the analysis.
Thanks & regards,
Kaustav Hazra
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