JSW Energy : Entering a Quarterly Demand Area
#jswenergy - Q3 result was NOT great, and pressure may remain on solar energy related stock (oversupply)
-Technically, it is entering a demand area in Quarterly/Monthly chart and can consolidate now in this range of 350 - 450, while on upside the level of 630 - 670 will be strong resistance. Look for reversa l/ breakout in weekly charts to confirmation of base formation.
- The recent correction in jsw energy share price removed froth in the stock (now ~ 40P/E ratio), may offer better opportunity to trade on long side on major support of 420-425 level in weekly 200D-EMA
#learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
-Technically, it is entering a demand area in Quarterly/Monthly chart and can consolidate now in this range of 350 - 450, while on upside the level of 630 - 670 will be strong resistance. Look for reversa l/ breakout in weekly charts to confirmation of base formation.
- The recent correction in jsw energy share price removed froth in the stock (now ~ 40P/E ratio), may offer better opportunity to trade on long side on major support of 420-425 level in weekly 200D-EMA
#learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
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