JSW Energy Ltd Analysis: Head and Shoulders Formation and Potent
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
Stay ahead of market movements with technical insights . Learn technical setups with @PriceActionTrader_yt.