jsw energy looks bullish in short term to medium term

تم تحديثه
in weekly, there was a BB squeeze, then price closed above upper BB with big volume and BB is expanding.

price can move up to touch next resistance.

sl - 59, tgt - 86
ملاحظة
price at channel support, so bounce back is likely, but there is an overhead trend line resistance to watch for. Lets see.
ملاحظة
لقطة
تم فتح الصفقة
In weekly, hammer formed at channel support, bounce back is likely
ملاحظة
لقطة
تم فتح الصفقة
after hammer formation price bounced from the channel support quite smartly, now going to touch the channel resistance . لقطة
ملاحظة
Also price broke the weekly trend line resistance with high volume. لقطة
تم فتح الصفقة
BB expanding and candles are riding the upper BB لقطة
أغلقت الصفقة: تم الوصول للهدف
tgt of 86, is achieved here, لقطة
ملاحظة
total 20% gain in 3 months, cheers.
bollingerbandstrategyBullish PatternshighvolumeTrend Analysis

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