JSWENERGY, STRONG BULLISH BREAKOUT (CHART# 329)

١٤ أكتوبر ٢٠٢٠

Long above 61.5

Patterns:-
1. JSWENERGY has given breakout from its long term resistance zone around 60
2. It has also given breakout from mid term trend line (blue)
3. It has formed cup & handle pattern and given breakout from it (blue)
4. It has horizontal resistance at 61.5, above which it can move good in coming days.

This is good for both positional and intraday if manage to sustain above level.

Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators.

Thanks
Piyush Gupta