JSWENERGY has been consolidating in a tight range between ₹298–₹307 after a previous dip, and is now showing signs of a potential breakout setup.
🔍 Key Observations:
📉 After a sharp correction, price found support near ₹300 and has since been trading sideways.
📊 Multiple bounces from ₹300–₹301 show strong buyer interest at that zone.
🔼 ₹305–₹307 remains a stiff resistance; price needs to break this zone with volume for upside momentum.
🔕 Volume has remained low during this consolidation, which is typical before a breakout move.
✅ Bullish Scenario (65% Probability)
🔔 Trigger: Breakout above ₹307 with high volume
🎯 Target 1: ₹315
🎯 Target 2: ₹325
🔒 Stop-loss: Below ₹298
❌ Bearish Scenario (35% Probability)
🔻 Trigger: Breakdown below ₹298
🎯 Target 1: ₹290
🎯 Target 2: ₹280
📌 Trading Plan:
Wait for a breakout above ₹307 with volume. Ideal setup would be a breakout and retest of the ₹305–₹307 zone, followed by momentum continuation. Avoid pre-emptive entries inside the range.
💬 What do you think — will the ₹307 barrier break this week?
Drop your views, chart setups, or alternate levels in the comments!
#JSWENERGY #BreakoutSetup #TechnicalAnalysis #StockMarketIndia #SwingTrading #PriceAction #TradingViewIndia #EnergyStocks
🔍 Key Observations:
📉 After a sharp correction, price found support near ₹300 and has since been trading sideways.
📊 Multiple bounces from ₹300–₹301 show strong buyer interest at that zone.
🔼 ₹305–₹307 remains a stiff resistance; price needs to break this zone with volume for upside momentum.
🔕 Volume has remained low during this consolidation, which is typical before a breakout move.
✅ Bullish Scenario (65% Probability)
🔔 Trigger: Breakout above ₹307 with high volume
🎯 Target 1: ₹315
🎯 Target 2: ₹325
🔒 Stop-loss: Below ₹298
❌ Bearish Scenario (35% Probability)
🔻 Trigger: Breakdown below ₹298
🎯 Target 1: ₹290
🎯 Target 2: ₹280
📌 Trading Plan:
Wait for a breakout above ₹307 with volume. Ideal setup would be a breakout and retest of the ₹305–₹307 zone, followed by momentum continuation. Avoid pre-emptive entries inside the range.
💬 What do you think — will the ₹307 barrier break this week?
Drop your views, chart setups, or alternate levels in the comments!
#JSWENERGY #BreakoutSetup #TechnicalAnalysis #StockMarketIndia #SwingTrading #PriceAction #TradingViewIndia #EnergyStocks
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.
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.