JSW Infra has reversed from the lower trendline of a channel, forming a strong weekly hammer candle, indicating potential trend reversal. Price is well supported by Anchored VWAP, adding strength to the setup.
Currently, the stock is trading in a low volume area, which often leads to a sharp move. As per Volume Profile, price is likely to move towards the POI / POC zone near ₹315.
Trade Setup:
Buy: ₹276 (Current Market Price)
Targets: ₹300 – ₹315
Stop Loss: ₹260 (Closing basis)
Technical Confluence:
Channel support + reversal candle
Anchored VWAP support
Low Volume Area → Mean reversion
POC acting as magnet
Currently, the stock is trading in a low volume area, which often leads to a sharp move. As per Volume Profile, price is likely to move towards the POI / POC zone near ₹315.
Trade Setup:
Buy: ₹276 (Current Market Price)
Targets: ₹300 – ₹315
Stop Loss: ₹260 (Closing basis)
Technical Confluence:
Channel support + reversal candle
Anchored VWAP support
Low Volume Area → Mean reversion
POC acting as magnet
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.