JSW Energy - Channel and Critical support
Updated
The stock has formed a channel and still showing signs of uptrend with critical support at 81.5 and 80.5.
In hourly chart it is still a buy above 82 with SL at 80 for trg of 86. This has less
But the volumes are in decreasing trend and also it is retracing back to 23% with continuous red candle. RSI STOCH showing downtrend.
If 80.5 is broken one can short at are below 80.0 with SL at 82 for T1 74 T2 70 T3 66.
In hourly chart it is still a buy above 82 with SL at 80 for trg of 86. This has less
But the volumes are in decreasing trend and also it is retracing back to 23% with continuous red candle. RSI STOCH showing downtrend.
If 80.5 is broken one can short at are below 80.0 with SL at 82 for T1 74 T2 70 T3 66.
Trade closed: stop reached
This may trigger again. As of now STOP Reached
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