JSW Energy Ltd Analysis: Head and Shoulders Formation and Potent
Description:
The Head and Shoulders pattern on JSW Energy's daily chart suggests a potential reversal to the downside. The key support level at 601.55 is being tested, and if it breaks, we could see a further decline towards 520.60. The pattern's key components are marked:
Left Shoulder: Formation before the rise.
Head: The peak followed by a consolidation.
Right Shoulder: Another attempt to rise but failing, indicating the reversal.
A clean breakdown below the neckline at 601.55 would signal a stronger bearish move.
Target Level: 520.60
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Target done 640 to 530 🔥
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