JSWENERGY has been consolidating in a tight range between ₹298–₹307 after a previous dip, and is now showing signs of a potential breakout setup.
🔍 Key Observations:
📉 After a sharp correction, price found support near ₹300 and has since been trading sideways.
📊 Multiple bounces from ₹300–₹301 show strong buyer interest at that zone.
🔼 ₹305–₹307 remains a stiff resistance; price needs to break this zone with volume for upside momentum.
🔕 Volume has remained low during this consolidation, which is typical before a breakout move.
✅ Bullish Scenario (65% Probability)
🔔 Trigger: Breakout above ₹307 with high volume
🎯 Target 1: ₹315
🎯 Target 2: ₹325
🔒 Stop-loss: Below ₹298
❌ Bearish Scenario (35% Probability)
🔻 Trigger: Breakdown below ₹298
🎯 Target 1: ₹290
🎯 Target 2: ₹280
📌 Trading Plan:
Wait for a breakout above ₹307 with volume. Ideal setup would be a breakout and retest of the ₹305–₹307 zone, followed by momentum continuation. Avoid pre-emptive entries inside the range.
💬 What do you think — will the ₹307 barrier break this week?
Drop your views, chart setups, or alternate levels in the comments!
#JSWENERGY #BreakoutSetup #TechnicalAnalysis #StockMarketIndia #SwingTrading #PriceAction #TradingViewIndia #EnergyStocks
🔍 Key Observations:
📉 After a sharp correction, price found support near ₹300 and has since been trading sideways.
📊 Multiple bounces from ₹300–₹301 show strong buyer interest at that zone.
🔼 ₹305–₹307 remains a stiff resistance; price needs to break this zone with volume for upside momentum.
🔕 Volume has remained low during this consolidation, which is typical before a breakout move.
✅ Bullish Scenario (65% Probability)
🔔 Trigger: Breakout above ₹307 with high volume
🎯 Target 1: ₹315
🎯 Target 2: ₹325
🔒 Stop-loss: Below ₹298
❌ Bearish Scenario (35% Probability)
🔻 Trigger: Breakdown below ₹298
🎯 Target 1: ₹290
🎯 Target 2: ₹280
📌 Trading Plan:
Wait for a breakout above ₹307 with volume. Ideal setup would be a breakout and retest of the ₹305–₹307 zone, followed by momentum continuation. Avoid pre-emptive entries inside the range.
💬 What do you think — will the ₹307 barrier break this week?
Drop your views, chart setups, or alternate levels in the comments!
#JSWENERGY #BreakoutSetup #TechnicalAnalysis #StockMarketIndia #SwingTrading #PriceAction #TradingViewIndia #EnergyStocks
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.