JSWENERGY : at ease support zoneJSW Energy Ltd. (JSWENERGY)
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.
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Jswenergyelliottwaveanalysis
JSW ENERGY- DAILY TIME FRAME LONG SETUPThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....