JSW Energy RSI positive divergene and HARMONIC ANTI BAT patternHello Everyone,
Jsw energey taking support of trendlines and demand zone of 600 and 640 small bounce is there RSI positive divergence and BULLISH harmonic pattern ANTI BAT formed so its overall confluence set up EMA50 will act as resistance breaking above that will go for bullish upto 780++ gor both swing as well as positional is overall reverasl set up
Jswenergyanalysis
Daily Bullish Flag breakout in JSW energy for 23% upsideHi,
NSE:JSWENERGY has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and weekly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
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 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
Elliott wave projection: JSW Steel Trend AnalysisJSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure.
Traders can short for the following targets: 289- 278 - 262
The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction.
Wave ((A)) is an impulse pattern and retraced 78.6% of wave 5.
Wave ((B)) is a double zigzag and retraced 61.8% of wave ((A)).
Wave ((C)) is unfolding its pattern, and it has broken down the descending channel of wave ((B)), which indicates that wave impulsive wave has started.