NSE:JSWENERGY- Taking support on previous resistance-Buy, SL below red line
BEARISH RSI DIVERGENCE ON THE DAILY CHART, FORMING AT THE MULTIPLE TIME TESTED RESISTANCE LINE. DOUBLE TOP CHART PATTERN CONFIRMING REVERSAL ON THE DAILY CHART WITH BULLISH ENGULFING SIGNALING GOOD ENTRY REASONS.
Q1 is not expected good, will take support and can be buy if resistance break.
JSWENERGY is showing buying pressure at this level. -MACD is crossing bullish on the 1H which will take the price past 45. -Resistances are at 46.5 and 49. -Please leave a like :)
NSE:JSWENERGY Buy initiate for 29 Oct 2018 using 30 min chart based on Fibonacci levels, check below buy level Buy Above : 64.8 Stop Loss : 63.45 Target : 66.1
Currently correcting in wave 2. If AB=CD has to satisfy, then the correction will end somewhere around 60.
NSE:JSWENERGY BSE:JSWENERGY Disclaimer.... Adding in weekly installments Investment objective-long term> 10 years ; unless fundamentals/financials show red flags Not an investing/trading recommendation
Possibility of short term, can bag 2 - 5 rupees in short term if price breaks previous high.
BEARISH AB=CD pattern in JSW ENERGY and is currently at its resistance level. One can short it for target 1 Till 38.2% retracement and target 2 Till 61.8% retracement. With stoploss at the red line.
I am looking for short term holding once the price bounce form 62 to 63 Range for Target of 70 Stop would be 60 This kind of channel range bound stock can give good revenue but must enter only after the confirmation Regards
LONG JSWERNERGY @ 61...62 WITH STOP LOSS OF 57 AND TARGETS OF 70 AND 73.....
This has started a strong up move after completing a flat pattern. It's likely to break out at higher targets up.
The price action is consolidating after a trendline breakout on a weekly chart that indicates overall bullish sentiments. Bulls are charging up to take prices higher to around 95-100 levels. It is a good investment opportunity at current levels Target 95 Stoploss : 75 Risk Reward: 1:4