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JSW ENERGY LTD
Long

jsw energy looks bullish in short term to medium term

By ParamjitMahapatro
Updated
in weekly, there was a BB squeeze, then price closed above upper BB with big volume and BB is expanding.

price can move up to touch next resistance.

sl - 59, tgt - 86
Note
price at channel support, so bounce back is likely, but there is an overhead trend line resistance to watch for. Lets see.
Note
snapshot
Trade active
In weekly, hammer formed at channel support, bounce back is likely
Note
snapshot
Trade active
after hammer formation price bounced from the channel support quite smartly, now going to touch the channel resistance . snapshot
Note
Also price broke the weekly trend line resistance with high volume. snapshot
Trade active
BB expanding and candles are riding the upper BB snapshot
Trade closed: target reached
tgt of 86, is achieved here, snapshot
Note
total 20% gain in 3 months, cheers.
bollingerbandstrategyBullish PatternshighvolumeTrend Analysis
ParamjitMahapatro

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