Long JSWINFRA - Short term Investment# JSW Infrastructure Limited (NSE) - Technical Analysis Report
Current Price: 335.80
Key Technical Observations
**Bullish Breakout Setup**
- Breakout Level: Above 356 for conservative trade
Consolidation phase completing before potential breakout (BO) & Stock trading near resistance zone.
Price Targets
- Target 1: 352.90 (0.618 Fibonacci level)
- Target 2: 389.50 (0.786 Fibonacci level)
- Target 3: 411.30 (0.886 Fibonacci level)
- Target 4: 436.15 (1.0 Fibonacci extension)
- Moving Average: SMA showing upward momentum at 296.13
- Fibonacci Retracement : 61.8% level acting as immediate resistance
Chart Pattern Analysis
- Hidden Divergence on the chart suggesting underlying strength
- Consolidation Phase after pullback from 0.618 fib levels and Recent sideways movement indicating accumulation
Risk Management
- Support Level of the recent consolidation low around 280-300 zone
- Stop Loss: Conservative traders should consider stops below 320 on candle close basis.
Conservative Traders:
- Wait for decisive breakout above ₹356 with volume confirmation
- Enter on pullback to ₹340-345 range after breakout
- Target progressive profit booking at mentioned Fibonacci levels
Disclaimer: This analysis is for educational purposes only. Please conduct your own research and risk management before making investment decisions.
