JSW ENERGY: Cup and Handle formation
Updated
JSW Energy has given a clear breakout from its consolidation zone and retested the same. Now after making a pattern-like cup and handle it is trying to break the resistance zone of 102-104.
Once it is broken it can reach out to it's weekly resistance level at 111-115 level and then if it sustains there then a new high of 125 can be seen.
All levels are mentioned on the chart.
DISC: FOr educational purposes only.
Once it is broken it can reach out to it's weekly resistance level at 111-115 level and then if it sustains there then a new high of 125 can be seen.
All levels are mentioned on the chart.
DISC: FOr educational purposes only.
Trade active
Note
Target 1 hit. Book 50% here and rest trail to 100 level.Trade closed: target reached
Target 2 also reached.
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