JSW ENERGY Weekly chart suggest 50% upside possibility.
view is based on Total Technical Analysis - No fundamentals considered.
LTP - 507
Targets - 780+
SL - 450
Timeframe - 10-12 Months.
Risk-Reward Ration - 1:4
On weekly charts Stock has seen forming double bottom / CUP & Handle Pattern / Rounding Bottom formation / Down trendline breakout ... weekly completion of time correction.
So based on multiple Technical pattern formation my view is this can be the right time to accumulate the stock with favorable risk reward ration.
Happy Invetsing.
view is based on Total Technical Analysis - No fundamentals considered.
LTP - 507
Targets - 780+
SL - 450
Timeframe - 10-12 Months.
Risk-Reward Ration - 1:4
On weekly charts Stock has seen forming double bottom / CUP & Handle Pattern / Rounding Bottom formation / Down trendline breakout ... weekly completion of time correction.
So based on multiple Technical pattern formation my view is this can be the right time to accumulate the stock with favorable risk reward ration.
Happy Invetsing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.