After a long consolidation, JSW Energy shows some strength and momentum on the daily time and if we see the weekly chart then it is a retracement after the uptrend frame we will wait for the breakout and enter after re-test our entry price is 333 our SL is 303 and Target is 383.
NSE:JSWENERGY
JSWENERGY Successfully clear the supply are of 78-98 on weekly chart and looks strong enough for short term trade.
Let’s see what happened on the chart.
On the week of 28th September 2015 we have seen breakout to level of 78 but efforts to breakout to 98 are strongly failed as due to the good supply prices rejected for 97 and candle of that week...
#JSWEnergy, If the price breaks 80.55, then enter on the pullback and take a short till 74.10 (countertrend), then the price is likely to shoot up from 72.85 till 94.00.
JSW Energy has seen a substantial rise in volume with price action. This fundamentally strong script is recommended buy for medium to long term with targets of 80-85.
Educational Analysis
