Description:
JSW Energy is forming a symmetrical triangle on the daily chart after a downtrend — resembling a potential bearish pennant, but price structure, sloping EMAs, rising momentum, and positive EFI hint at bullish strength.
📌 Breakout Level: ₹534
📉 Stoploss: ₹519 (ATR-based)
🎯 Targets: ₹563 → ₹597 → ₹694 (as per Fib projections)
🧭 Macro Context:
- Infra & Energy sectors improving
- Govt push for renewables
- Dollar weakening, risk-on tone aiding sentiment
Structure, volume, and macro are aligned — tracking this breakout closely.
JSW Energy is forming a symmetrical triangle on the daily chart after a downtrend — resembling a potential bearish pennant, but price structure, sloping EMAs, rising momentum, and positive EFI hint at bullish strength.
📌 Breakout Level: ₹534
📉 Stoploss: ₹519 (ATR-based)
🎯 Targets: ₹563 → ₹597 → ₹694 (as per Fib projections)
🧭 Macro Context:
- Infra & Energy sectors improving
- Govt push for renewables
- Dollar weakening, risk-on tone aiding sentiment
Structure, volume, and macro are aligned — tracking this breakout closely.
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