Trend change in JSWENERGY, looking good for swing and short term trade.. we can accumulate at current price with SL @ 238.45 on closing basis TGT1 : 278.15, TGT2 : 296.95
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
JSW ENERGY --DAILY CHART SETUP --POSITIONAL
1. Jsw energy seen on daily chart setup retest previous lower channnel breakout level around 250-255
2. currently stock trading above 21, 44, 50, 200 HMA
3. one can initiate Buy around 250-255 for current level target 270-280-300 positional (1-3 ) Month stop loss 220 bellow strong support line
4. CCI at above...
JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located at Karnataka, Maharashtra, Nandyal and Salboni. It is the holding company for the JSW group's power business.
Well JSW Energy Ltd is looking good on chart, and as we know its trading in bullish flag pattern so overall chances are very very...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
very low risk reward setup for long
RSI oversold zone getting absorb
JSW energy getting support at 200dema and also box support from long time
just keep sl below box or as per your risk management it can go till ATH
JSW ENERGY as per Day Chart Analysis have chances to move uptrend Stock ABOVE 300 TARGET 305.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All...
As chart say that after a consolidation in range, it has given upper side breakout and ready to move.This quarter result is also good to complement the move. Rest things are in chart itself.
Disclaimer: All information is for learning purpose only.
JSW energy is near to its breakout zone so we can plan a short time trading in it.
UPSIDE targets are 347, 354, and 370.
Downside targets once the lower trendline breakdown then 300 to 280 we can see in downside.
Keep an eye on it , can take trade after the breakout of trendline. >>Energy index also looking bullish
\\ this post is for educational purpose only \\
