JSW Energy Ltd. (JSWENERGY)
Key Levels and Zones:
Chart Analysis:
Future Price Projections:
Bullish Scenario:
If Wave C completes successfully, the price may rally towards the first swing target at ₹747.00 and the second target zone between ₹825 and ₹851.
Bearish Scenario:
Failure to hold the Wave C support zone could result in a drop to the stop-loss level around ₹540.00.
Conclusion:
The daily chart of JSW Energy highlights critical support and resistance levels. Traders can monitor these zones for strategic entry and exit opportunities, ensuring a favorable risk-reward ratio.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your analysis or consult a financial advisor before making investment decisions.
#JSWEnergy #TradingPlan #ElliottWave #TechnicalAnalysis #StockMarket
Key Levels and Zones:
- []Current Price: ₹625.80 (-₹10.70, -1.68%)
[]Support and Buying Zones:
Extended Retracement Zone: ₹596.60 - ₹619.60
Wave C (Primary) Completion Zone: ₹594 - ₹610
[]Liquidity Sweep Zone: ₹553 - ₹565
[]Targets:
First Swing Target: ₹747.00
Second Target Zone: ₹825 - ₹851 - Stop Loss: ₹540.00 (on failure of Wave C and extended retracement zone)
Chart Analysis:
- Wave Patterns: The daily chart shows Elliott Wave patterns (Waves A, B, and C).
Wave C Completion Zone: ₹594 to ₹610 suggests a potential bullish reversal. - Change of Character (ChOCH): A shift in market sentiment is observed, indicating a likely trend change.
Future Price Projections:
Bullish Scenario:
If Wave C completes successfully, the price may rally towards the first swing target at ₹747.00 and the second target zone between ₹825 and ₹851.
Bearish Scenario:
Failure to hold the Wave C support zone could result in a drop to the stop-loss level around ₹540.00.
Conclusion:
The daily chart of JSW Energy highlights critical support and resistance levels. Traders can monitor these zones for strategic entry and exit opportunities, ensuring a favorable risk-reward ratio.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your analysis or consult a financial advisor before making investment decisions.
#JSWEnergy #TradingPlan #ElliottWave #TechnicalAnalysis #StockMarket
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.