JSW ENERGY : Rare Formation
Updated
JSW ENERGY in Jan 2021 started its Journey @ 72 Rs and reache 396 Rs in Oct 2021. In short span of time it had quadruple insvestors money. It started retracing then till 180 which is .618 level of rise from 72 to 396 in June 2022. Since then it had not broken that level and can be taken as rock bottom. In March 2023 it again droped to 207 from double top of 360 and today it had broken it on up side of it. In all this process it had formed and completed H & S and Cup and handle pattern.
Conclusion
Break above 400 this stock will give 160 points as per H &S pattern target.
As per cup and handle pattern target is also 130 points.
This is long term target as completion of this pattern had taken 3years. So only patients required if you r buying this stock and accumulation strategy is to be used here
Conclusion
Break above 400 this stock will give 160 points as per H &S pattern target.
As per cup and handle pattern target is also 130 points.
This is long term target as completion of this pattern had taken 3years. So only patients required if you r buying this stock and accumulation strategy is to be used here
Trade active
JSW Energy is going good can add positionsTrade active
Hold as it has broken above our resistance
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