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JSWENERGYReasons to consider going long on JSWENERGY 1. Bullish Reversal Patterns: • The green candle on horizontal support could signify a potential reversal. 2. 200-Day Moving Average as Support: • The 200-day moving average is a key long-term support level. A bounce from this level often attracts institutional interest and signals strength in the stock. 3. Relative Strength vs. Nifty: • Positive relative strength suggests that JSWENERGY is outperforming the broader market, making it a strong candidate for an uptrend continuation. 4. Sector Support: • Nifty Energy index taking support on its horizontal support increases the likelihood of a sector-wide bounce, which could positively impact JSWENERGY. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: 1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup. 2. Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:JSWENERGYLong
by AryanDixit
1
IEX Indian Energy Exchange Analysis !!📈 IEX ( Indian Energy Exchange ) 📉 Today broke out from a downtrending Trendline Zone on closing basis. On Buy Side I am looking for Targets of 238, 266 followed by 295. StopLoss should be kept at close below 216. It offers 1:5 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:IEXLong
by ShelendrAgrawal
Technical ANalysis of XLEDisclaimer: I don't own shares of XLE . This analysis is not a trading or investing recommendation & is only for educational purpose. 1. XLE has been going up slowly & steadily since Mar’20 after putting a bullish 1-2-3 pattern marked by the successful break of point#2 of the pattern. 2.In Jan 2022 price crossed a major downtrend resistance line (dotted line) that has been valid since July 2014. 3.Price then re-tested the resistance converted support in the week of 18-Jan-22 & failed to break the newly created support favoring the bulls. 4.Price then started moving higher on the back of massive volume & has been creating a higher high-higher low structure on the daily & weekly charts staying above 200 MA & 20 MA demonstrating a strong uptrend. 5. On the daily chart , price has been consolidating for the last couple of days above the 20 DMA & based on the strong uptrend currently in place, could take out the current consolidation resistance to move higher. 6. Price also seems to be following a channel giving an insight into potential channel support & resistance levels. With January 2022 seeing massive bullish volume , price staying above the 20 & 200 period moving averages on the daily & weekly charts & on balance volume having broken its previous resistance on the daily chart from Nov’21, the energy sector XLE has all the right ingredients to go higher in the weeks to come, to the next resistance levels of $80 followed by $84 & $91. All the best!
AMEX:XLE
by Venkat_014
CNXENERGY BREAKOUT-energy stock bullishThe energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement. The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally. The RSI stands at 58 and is indicating bullishness. MACD is above the signal line. I believe it's a good opportunity to go long on energy stocks Below I have posted some charts of the energy sector stocks, do have a look at them, these charts are not provided to take trades on them but just to get a better understanding of cnxenergy. Tatapower: Jswenergy: Powergrid: Adanigreen:
NSE:CNXENERGYLong
by this_is_shoaib
Trendline TradingWhat is the Trendline Theory? A trendline helps technical analysts determine the current direction in market prices. ... If the analyst draws a line between all three price points, they have an upward trend. The trendline drawn has a positive slope and is therefore telling the analyst to buy in the direction of the trend. Lets us understand how Trendline Theory works with the chart given below- So as per the above theory- The levels mentioned in the chart (powergrid) is considered to be the right entry point to take long position in the stock, also i have tried to identify the reversal point in macd and Rsi indicator in further support of the trade setup. Do like and comment if you have any suggestion ...thanks
NSE:POWERGRIDLong
by N50-ANALYST
Tatapower | Descending Triangle Break | Volume surge 🎯⭕ Investment Trading opportunity ! Monthly Chart Alert !!! ⭕ --Buy Above =78.35 or CMP --Target = 96.60 | 116.80 --Stop-loss = 65.70 --Lot Size = 13,500 --R:R = 3.04 --Expected Profit = 5 lakh + ₹ per lot ( 49% ) --Expected Holding = around 1 year only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) tatapower is the 2nd leading company after powergrid & has given a breakout with volume 2) Descending Triangle Breakout ,50 ema breakout , resistance breakout , Long term trendline breakout 3) fundamental is too good , checked everything correctly 4) Do your research as well & support & resistance is mentioned on the chart Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:TATAPOWERLong
by ReviveTraders
11
ONGC to trade sidewaysHi Traders! Hope you are doing well in markets. My trading strategies might help you to increase returns on investments. My strategy prioritizes safety over exponential profits. This stock being low in value will give profit or loss on high volume trading. So those who pay high brokerages should either trade in higher volumes to cover brokerages out of their profits. Calculate your cost of trades to find out the break even below placing orders. There are a few scenarios and place your order according to the scenario that you observe in market tomorrow. Current close: 82.40, ---------------------------------------------------------------------Intraday Traders-------------------------------------------------------------------------------------------- Scenario 1:- Market opens between 81.70 and 82.40. Strategy: Trade only after first 5 minutes. Short Selling If price breaches 81.70 then wait for a fall and sell @81.45, Target 80.35-78.75, SL@ 82.20 Buy/Positions If price touches 81.70 and pulls up back then buy @82.00, Target 83.20-84.60, SL@ 81.70 Scenario 2:- Market opens at or below 81.70. Strategy: Follow Short Selling strategy (Case 1) of Scenario 1. Scenario 3:- Market opens at or above 82.40 but below 82.90 Strategy: Buy @82.40-82.75, Target of 84.60, SL@ 81.70. If price struggles to cross 83.50 by 1p.m then sqaure off your positions at 83.35-40-45-50. ---------------------------------------------------------------------Intraday Traders-------------------------------------------------------------------------------------------- For positional traders, The ONGC is expected to trade sideays for a few days. Folowing is your entry point and short term targets for this stock. Scenario 1: Trigger Price: 80, Buy Price: 80.40, Target: 82.40, - 84.60, - 86.10, - 92.25, Highest Target duration: end of next week. Scenario 2: Stock doesn't correct: Buy Price@ 82.00-83.00, SL 81.55, Target: 84.60, - 86.10, - 92.25, Highest Target duration: end of next week.
NSE:ONGC
by shikhagupta2589