ParamjitMahapatro

jsw energy looks bullish in short term to medium term

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

Comments

Great Idea....!!!
+1 Reply
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