Description:
The Head and Shoulders pattern on JSW Energy's daily chart suggests a potential reversal to the downside. The key support level at 601.55 is being tested, and if it breaks, we could see a further decline towards 520.60. The pattern's key components are marked:
Left Shoulder: Formation before the rise.
Head: The peak followed by a consolidation.
Right Shoulder: Another attempt to rise but failing, indicating the reversal.
A clean breakdown below the neckline at 601.55 would signal a stronger bearish move.
Target Level: 520.60
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Target done 640 to 530 🔥
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.