Accumulation is going on. Price is printing above .618 fib level. Price is printing within narrow range. Entry may be made at bottom of the range near 68.75, keeping SL near 66.9
if somehow crosses 80 then will b tough to catch it. Keep an eye! One of my long term bets!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
JSWENERGY price is trading in the range of intrinsic.
Buy now at this current price range 71-58, but the large demand is stand on the 44.30-35.00, SL is @32.00
above mention second level (44.30-35.00) this will be big reward zone.
Pls leave comment.
When MACD was Developed , it was developed with two different views
01) What the price is doing in relation to two rated moving average ( EMA) ideally it is treated for 12 and 26 EMA and MACD line is plotted on the chart
02) It also has 9 Period Simple Moving average of MACD line which shows the mean value of MACD line for the past 9 Period as simple...
As per my wave analysis, buy zone at 65-66 levels, on confirmation of reversal signs for Targets of 80.
This is not a signal to buy, please note.
Happy trading..
JSW Energy Ltd. engages in the business of electric power generation, transmission and distribution. It operates thermal power plants located in Vijayanagar, Ratnagiri, and Barmer; and hydro power plants in Baspa-II and Karcham Wangtoo. The company was founded on March 10, 1994 by Om Prakash Jindal and is headquartered in Mumbai, India.
JSWENERGY
