JSW Energy Limited (JSWENERGY) Stock - Complete Technical Analysis - Sep 03, 2024

JSW Energy Stock Analysis: Key Support and Resistance Levels NSE Trading Tips

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

JSW Energy Limited (JSWENERGY) is currently trading at 693. The stock is exhibiting mixed signals, suggesting a period of consolidation. The RSI indicates that the stock is in a neutral zone, which means it lacks a clear directional trend. The ADX value shows a weak trend strength, suggesting that the stock is not currently trending strongly in either direction.

Looking at the moving averages, the price is hovering around the 50-day EMA and is above the 100-day EMA, indicating some short-term support but potential long-term bullishness if the price holds above these levels. However, the stock is below its 10-day and 20-day SMAs, which could suggest short-term bearish pressure. The MACD is currently in positive territory, suggesting potential bullish momentum, but it is important to watch if this trend continues or reverses.

The Awesome Oscillator shows positive momentum, while the Momentum indicator is negative, reflecting a mixed outlook. Traders should note the Stochastic %K and Stochastic RSI, both of which are in neutral zones, indicating there isn't significant momentum in either direction.

Key support levels to watch are around 651 and 592, which align with the S1 and S2 pivot points, respectively. Resistance levels are near 760 and 810, aligning with the R1 and R2 pivot points. A break above 760 could indicate further bullish momentum, while a fall below 651 could signal bearish momentum.

Given the current indicators, JSW Energy seems to be in a consolidation phase. Traders should keep an eye on volume and price action around the key support and resistance levels to gauge the next potential move.