JSWENERGY - Double Bottom

🔍 Structure:
- Potential Double Bottom formation at a key support zone
- Two clear rejections from similar price levels
- Indicates possible demand presence
- Share is trading above 50D & 200D SMA

📈 Volume Insight:
- Noticeable volume increase on second bottom
- Suggests higher participation compared to first dip
- Often discussed as a sign of strength building

🏗️ Current Price Action:
- Price moving upward after second bounce
- Approaching a previous supply zone (resistance area)
- This zone has history of selling pressure

🎯 Levels to Watch (Study Purpose):
Support / Invalidation (SL reference): Below recent swing low
Upside Levels:
650 – First reaction zone
700 – Psychological / mid resistance
800 – Higher supply / extended move

🧠 What to Observe:
- Reaction at supply zone (rejection vs breakout)
- Volume behavior near resistance
- Whether price can sustain above supply (structure shift)

⚠️ This is not a trading recommendation. Shared only for educational and observational purposes.

jeet20

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jeet20