JSWENERGY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.8

Here’s a detailed technical analysis of JSW Energy Ltd. (JSWENERGY)

📊 Trend Overview

Current Trend: Reversing from Downtrend

Price is hovering near the 200-DMA (₹536), attempting to reclaim long-term support.

RSI at 60.3 suggests moderate bullish momentum.

MACD at 3.58 is positive, indicating a potential trend reversal.

Volume is significantly below average, signaling weak conviction behind the move.

📈 Moving Averages

50-DMA: ₹520 — Short-term support.

200-DMA: ₹536 — Key long-term pivot zone.

Price Action: Trading slightly above both DMAs, hinting at a possible trend reversal.

📉 Momentum Indicators

RSI (14-day): 60.3 — Mild bullish zone, not yet overbought.

MACD: 3.58 — Bullish crossover, early reversal signal.

Volume: 12.17 lakh vs 1-week avg of 25.41 lakh — Weak volume, needs confirmation.

📊 Bollinger Bands

Price likely near middle band — low volatility.

No breakout or squeeze pattern detected yet.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 520 50-DMA, short-term support

Support 2 500 Psychological level

Resistance 1 560 Minor resistance zone

Resistance 2 600 Trendline resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹520–₹530 — Near 50-DMA with tight stop-loss.

Exit Zone: ₹560–₹600 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Building — MACD bullish, RSI rising.

Breakout Potential: Moderate — Needs volume confirmation.

Bias: Cautiously bullish — Watch for sustained move above ₹560.

🧭 Summary

JSWENERGY is showing signs of reversal from a prior downtrend. Price action near key moving averages and improving momentum indicators suggest a potential uptrend, but weak volume tempers conviction. Traders should consider entering near ₹520–₹530 and monitor for breakout above ₹560.

Sources: TradingView Technicals, ET Money JSWENERGY Analysis, Investing.com India

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