JSW Energy – Elliott Wave + Breakout Setup ⚡CMP: ₹542
JSW Energy is shaping up for a bullish Elliott Wave structure, supported by the price action on both the Daily, Weekly and Monthly charts.
📈 Elliott Wave View :The larger structure appears to have completed Wave (2) around the ₹179-181 zone & rise toward ₹800+ is indicative of Wave (3), followed by the current corrective/consolidation phase. The present falling-wedge formation can potentially represent the completion of Wave (4).
A breakout from the wedge, particularly above ₹570–580, could signal the beginning of Wave (5).
If this count plays out, the next impulsive leg can target can be
🎯 Targets
T1: ₹640–650
T2: ₹700–710
T3: ₹800–805
🛡️ Risk Management
Key support: ₹528–520 & Stop loss of ₹ 500
A decisive break below this zone would weaken the current bullish wave interpretation.
JSW Energy is shaping up for a bullish Elliott Wave structure, supported by the price action on both the Daily, Weekly and Monthly charts.
📈 Elliott Wave View :The larger structure appears to have completed Wave (2) around the ₹179-181 zone & rise toward ₹800+ is indicative of Wave (3), followed by the current corrective/consolidation phase. The present falling-wedge formation can potentially represent the completion of Wave (4).
A breakout from the wedge, particularly above ₹570–580, could signal the beginning of Wave (5).
If this count plays out, the next impulsive leg can target can be
🎯 Targets
T1: ₹640–650
T2: ₹700–710
T3: ₹800–805
🛡️ Risk Management
Key support: ₹528–520 & Stop loss of ₹ 500
A decisive break below this zone would weaken the current bullish wave interpretation.
Trade chiuso: stop raggiunto
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Join The Crocodile Strategy for timely market updates, swing trade setups, technical analysis & quick market insights.
whatsapp.com/channel/0029Vb6zQU1DDmFMeeYP7g0w
whatsapp.com/channel/0029Vb6zQU1DDmFMeeYP7g0w
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.