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Energystock

WATCHOUT FOR THE BREAKOUT!!!Stock looks pretty much ready to give an inverse H&S breakout on the weekly charts, stock has also formed a bullish flag pattern on the daily charts, which can explode any moment soon. Stock retraced it's breakout levels of 80 in the previous weekly candle and jumped up again over 10% in the next week, which is also believed to be the classical kind of movement before the rally. Long position is strongly recommended with respect to the levels mentioned on charts. Happy Trading!
NSE:JSWENERGYLong
by falakshayaan16
6
BUY JSW ENERGY MEDIUM TERM @ CMP 75, Stop Loss 48, TARGET 110NSE:JSWENERGY was moving in in Downward Channel on Weekly Chart, and the stock broke this channel in the 1st week on September there after we witnessed a swift rally 81.70. Trading in better rewarding as risk is comparative lesser where you try to gauge reversal at channel extremes and take advantage of low stop loss during this reversal points. Channel breakouts on the other hand are extremely difficult to trade because stock has tremendous volatility and getting a proper entry during this high volatile period is a challenge. The ideal way is to wait for the initial volatility and euphoria to die down and let the stock consolidate and wait for channel role reversal of channel support/resistance . NSE:JSWSTEEL after 2nd week of September there was a correction with lower volumes and the stock test the support of the channel which earlier was resisting the stock. This should be an Ideal entry point. This is a medium term trade, from increasing volumes we can make out the participation phase. Duration should be 6-8 months for this and we can expect around 50% return on investment.
NSE:JSWENERGYLong
by RITESH_TMR
EPM POSITIVE SENTIMENTLong term trends: Evolution Petroleum Corp is showing a upward trend. In the past few months this scrip has moved 80%. The good news in the crude prices has kept the momentum going for this scrip. Currently it is priced at $9.20. The blue area shows the price movement of EPM and as seen this movement compares positively with IXE Index. This is confirmed by good volumes over the past few months. Moreover, the Relative strength benchmarked with IXE shows a sharp upward trajectory. The MACD confirms some more steam is left in this rally. Short term: In the short term analysis, EPM is showing overbought signals. This is also confirmed by the candle stick patterns that is showing some consolidation near the $9 levels. I would expect a marginal correction to around 8.50 levels before further strength. Overall this is a good for a short term trade in the 1-3 month horizon.
AMEX:EPMLong
by Nar