JSW Energy Limited (JSWENERGY) Stock - Complete Technical Analysis - Nov 07, 2024

JSW Energy Stock Analysis: Key Support, Resistance & Trading Signals JSWENERGY

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's (JSWENERGY) recent movement showcases significant volatility. At a price of 714.80, the stock has rebounded considerably from its 52-week low, yet continues to test resistance. Key technical indicators present a mixed picture: the RSI of 55.94 highlights balanced momentum, while the MACD's negative level suggests possible consolidation. Additionally, ADX shows a stable trend, but traders should note the high Stochastic RSI indicating overbought conditions.

The Awesome Oscillator remains negative, and CCI at 146.18 further suggests overbought conditions. EMA and SMA values show near-term support around 680-690, making it a potential entry point for bullish traders seeking dip-buying opportunities. Resistance at 735 could prove challenging; a break above this might signal further bullish momentum. Pivot levels also align well with technical support at 685, making it a crucial level to hold. With volatility high, traders should monitor ATR for price swings and set stop-losses appropriately to manage risks.