Chart of the week. JSW energy. 10/9/21

Sep 10, 2021

This is one of my dark horse. I had spotted it on daily chart in June around 125. Since then it has doubled. After few weeks consolidation and around 20 % correction stock has again given breakout on weekly chart. Last week I have recommended this chart to our members on daily chart for the target of 340, however, now the weekly targets coming whopping 440! It means the stock showing signs of doubling again! I am recommending a SL of 230 on weekly closing basis. However, seeing the potential in the stock one can keep a deep SL as per their risk management.

View - Medium to Long term
Time - 1 year +