Breakout in JSW Energy Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
JSWENERGY
JSW Energy Short and Long Term AnalysisFrom couple of day this stock is in bearish . But it takes a support at 407.20 . It's a strong support.
Now this Stock is in Neutral according to technical .
Time Frame Analysis:
1W -2.37%
1M -0.23%
3M -6.25%
6M +38.55%
technical Details As per my view:
Moving Average: (10,20,50,200): Sell
RSI: Neutral
Stochastic: Neutral
Williams Percent Range(14days): -63.53 (Neutral)
Swing or long term Buy Signal: above price 422
Intraday Analysis:
If break 407.20 support with good volume then we can see a good down move of 397.35.
Now price is consolidating between 408.30-412.70 .
JSW Energy Ltd - On a bull mode#JSWENERGY
CMP : ₹. 483.5
Date : 13-01-2024
JSWENERGY is a company engaged in the business of power generation . Company is now in radar due to the latest news for filing petition in NLCT, Amaravati for getting permission to participate in an auction for the Amarkantak project, Amaravati against Adai, Reliance and also a power consortium team. Stock is now in its 52 week high with significant volumes. A high risk company with higher amount of promoter pledge and high debt to equity ratio. QoQ sales and profit are improving, but sales over last 5 years are very low. Eventhough fundamentals are not so interesting technically it's looking very good. A 2.5 year Cup and Handle breakout and 2 year long resistance trend line breakout are identified from charts. Retesting also going on. If the movement persists over ₹.490 levels /- breakout can be confirmed. Stoploss @ ₹.450 levels. If the NLCT permits to participate in the bidding, we can expect a big movement in this stock. Otherwise some negative movement can be expected.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
JSWENERGY : Breakout Candidate#JSWENERGY #breakoutstocks #VCPPattern #Momentumtrading #swingtrade
JSWENERGY : (1-3 months Holding period)
>> CUP & Handle pattern
>> VCP Pattern Breakout
>> Good Volumes & Strength in Stock
>> Low Risk High Reward Trade
>> Longer u hold, bigger the Profits ( It will test ur Patience for sure)
Swing Traders Can Lock profit at 10% and keep trailing
Disclaimer : Charts shared for Learning Purpose not for Trade
JSW Energy : right time for investment;Fundamentally good stock.
don't be aggressive to enter.
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entry: 300
target: 325 / 375/ 395 / 410
stoploss: 280 / 250
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right time for Long term INVESTING.
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" better wait for this weekly candle to close above 300 "
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yellow boxes mentioned above are major levels.
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Refer old ideas.
reset chart for better view.
JSW ENERGY - Getting Tight #Insidebar #dojiJSW Energy after a good consolidation is now getting ready for another upmove, formation of tight dojis and Inside bar, also today's last 10min closing suggests there would be a sudden spurt in this scrip. Ripe for swing trade. Ideal Stoploss would be 378.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
JSWENERGY - Weekly Chart AnalysisAfter a huge rally in which topped out in Sept2021, the stock went into a long consolidation base of 2 years but never retraced for more than 23.6% on a Fibonacci scale.
3 months ago a low cheat entry was triggered and there after the you can see the volumes also coming up leading to cheat trigger and finally a pivot high was made closing above the resistance zone of the 2021 top. (389-408)
Its been 2 weeks the stock is sustaining above it. Volumes are decent. It is trading well above all the key moving averages.
Now the earlier resistance zone shall now act as a support(389-408). But the main support shall still be considered 348-369 below which if closed weekly than our view stands invalid.
As per the trend based fib 555 - 650 - 785 levels can be tested in a long term.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
JSW ENERGY WEEKLY CHART BREAKOUT IDEAJSW Energy Weekly Chart Breakout Happening on the Short Term Basis...
This Stock created the Resistance Zone around 355.00 to 365.00 level as 1st time it was touched the level April' 2022...
It was touched the Resistance Level on 2nd time around September' 2022...
And just Lest week it was touched the same Resistance Level on 3rd time....
Its also creating "W" Pattern or Double Bottom on the Weekly Chart for Bullish run.
Weekly Volume showing Good sign since March-April 2021...
We are expecting a clean Breakout from @363.00 if its will sustain above @363.00
:: Data Point ::
Breakout Level: @363.00
1st Target: @405.00
2nd Target: @460.00
Stoploss Point: @339.00
JSWEnergy Another energy sector stock on watchlistWe have seen good support reversal or breakouts in Energy sector stocks from past couple of weeks.
JSWEnergy is looking very attractive at 240 levels for a strong support reversal for medium term. Keep on radar for big target of 300 and above.
Idea shared only for educational purpose,
JSWENERGYJSWENERGY:- Pole and flag pattern is formed or parallel channel can also be called, wait for breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.